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Friday, August 14, 2026
Azerbaijan’s oil price buffer widens as Brent surges above budget benchmark [ANALYSIS]

Azerbaijan’s oil price buffer widens as Brent surges above budget benchmark [ANALYSIS]

Azerbaijan entered 2026 with a state budget built around an average oil price assumption of $65 per barrel. That figure, set below the $70 assumption used for 2025, reflects a prudent approach to a commodity market where prices can change sharply under the influence of global supply, demand and geopolitical developments. Yet the oil market has moved considerably above that budget benchmark, creating a favorable environment for Azerbaijan’s public finances.

Nation
Baku and Yerevan seek to turn peace into economic interdependence

Baku and Yerevan seek to turn peace into economic interdependence

Recent messages from the leaders of Azerbaijan and Armenia are increasingly strengthening the impression that the conflict that shaped relations between the two countries for more than three decades is moving into the past, while peace and practical cooperation are becoming more realistic prospects. Armenian Prime Minister Nikol Pashinyan's latest statement indicates that Armenia is preparing to begin exports to Azerbaijan, potentially opening the way for more balanced trade between the two countries.

Oil & Gas
Azeri Light oil price falls to $95.50 per barrel at Augusta

Azeri Light oil price falls to $95.50 per barrel at Augusta

The price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port fell by $0.07, or 0.07%, from the previous quotation to $95.50 per barrel on a CIF basis, AzerNEWS reports.

Business
Azerbaijan’s natural gas exports to Syria reach $194 million

Azerbaijan’s natural gas exports to Syria reach $194 million

In January-June of this year, Azerbaijan exported 575.098 million cubic meters of natural gas worth $194.411 million to the Syrian Arab Republic.

Armenian-Azerbaijani Relations
Azerbaijan facilitates transit of Russian wheat to Armenia

Azerbaijan facilitates transit of Russian wheat to Armenia

A new shipment is being delivered from Russia to Armenia in transit through Azerbaijan.

World
AI companies’ environmental impact called enormous

AI companies’ environmental impact called enormous

The world’s largest AI companies, including OpenAI, Anthropic and SpaceX, have grown from ambitious startups into some of the most influential business ventures in just a few years. However, despite the rapid expansion of their operations, they have so far said relatively little about the impact their activities are having on the environment and climate change, AzerNEWS reports.

Analysis

Lifestyle
Mouthwatering nut delicacies passed down through generations

Mouthwatering nut delicacies passed down through generations

In Azerbaijan, nuts have never been merely something placed in a bowl and served as a snack. They are ground into fillings, layered between sheets of pastry, mixed with sugar and spices, cooked with meat and pomegranate, and placed on festive tables.

Culture
Creative masterclasses to be held for children in Karabakh and Eastern Zangazur

Creative masterclasses to be held for children in Karabakh and Eastern Zangazur

The Public Union for Supporting Modern Creativity has launched the implementation of a creative masterclass project titled "Children of the Reborn Land," AzerNEWS reports.

Travel
Azerbaijani pilgrims currently at Medina international airport

Azerbaijani pilgrims currently at Medina international airport
Second group of Azerbaijani pilgrims to depart for Hajj this month

Second group of Azerbaijani pilgrims to depart for Hajj this month
Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]

Astana celebrates Novruz with festive events and cultural celebrations [PHOTOS]
Albania’s impeccable hospitality and exuberant architecture

Albania’s impeccable hospitality and exuberant architecture
Experience charm of autumn season at Shahdag National Park

Experience charm of autumn season at Shahdag National Park
Georgian foreign travelers arrive in Shusha

Georgian foreign travelers arrive in Shusha

Events
Baku to host int'l forum on Middle Corridor, TRIPP and Eurasia’s transport future

Baku to host int'l forum on Middle Corridor, TRIPP and Eurasia’s transport future

Baku will host an international conference in September, bringing together government officials, transport operators, investors and experts to discuss the future of Eurasia’s transport corridors amid shifting global supply chains and the emergence of alternative trade routes between Asia and Europe.

Sports
Baku to host U17 Beach Wrestling World Championships for first time

Baku to host U17 Beach Wrestling World Championships for first time

On August 27–29, Azerbaijan will host the U17 Beach Wrestling World Championships and the fourth stage of the Beach Wrestling World Series for the first time, AzerNEWS reports.

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