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Tuesday, September 8, 2026
Goldman Sachs raises its oil forecast: what it means for Azerbaijan’s economy

Goldman Sachs raises its oil forecast: what it means for Azerbaijan’s economy

Goldman Sachs’s $5 per barrel increase in its oil price forecast may at first glance seem like a normal piece of news about the global energy market. However, for the Azerbaijani economy, which is significantly dependent on oil revenues, this change has broader macroeconomic implications. It is especially noteworthy that this decision coincides with a period when Azerbaijan’s foreign exchange reserves have reached record levels, deposits in the banking sector have grown, and the country’s current account surplus is maintained.

Nation
East-West and North-South corridors should not be seen as competing routes

East-West and North-South corridors should not be seen as competing routes

The East-West and North-South transport corridors should not be viewed as either competing or complementary routes, as they serve different types of cargo and different destinations, Kamran Habibov, Chairman of the Azerbaijan Freight Forwarding Association, told AzerNEWS in an exclusive interview.

Oil & Gas
Azeri Light oil price rises to $107.31 per barrel at Augusta

Azeri Light oil price rises to $107.31 per barrel at Augusta

The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port increased by $3.11, or 2.98%, compared with the previous figure, reaching $107.31 per barrel.

Business
Road transport can make Middle Corridor more flexible, says Sharipov [EXCLUSIVE]

Road transport can make Middle Corridor more flexible, says Sharipov [EXCLUSIVE]

Automobile transport can become an important element of the Middle Corridor, making the route more flexible, faster and more competitive, Ruslan Sharipov, Middle Corridor Project Manager at TransExpeditions, told AzerNEWS in an exclusive interview.

Armenian-Azerbaijani Relations
Black Garden risks reviving old divisions as Azerbaijan and Armenia move towards peace

Black Garden risks reviving old divisions as Azerbaijan and Armenia move towards peace

Günel Salimova, Counsellor at the Embassy of Azerbaijan in London, writes in response to Phuong Le’s review of The Black Garden, explaining that the documentary presents the former Nagorno-Karabakh conflict through an overly nationalistic lens and risks reinforcing divisions at a time when Azerbaijan and Armenia are moving towards peace. She says the human cost of the conflict should not be overlooked, but argues that the focus should now shift towards reconciliation, cross-border trade and emerging regional connectivity.

World
Armenia complains to EAEU that Russia is not following EAEU rules

Armenia complains to EAEU that Russia is not following EAEU rules

Armenia has formally raised concerns with the Eurasian Economic Union (EAEU) over Russian restrictions on imports of several Armenian goods, according to Armenian media.

Analysis

Lifestyle
"What should we eat today?" Is a thing of the past: Plan & Eat redefines corporate dining culture in Azerbaijan

"What should we eat today?" Is a thing of the past: Plan & Eat redefines corporate dining culture in Azerbaijan

Daily workplace dilemmas like "What are we ordering for lunch?" and "Will it arrive on time?" are officially over. Plan & Eat, a corporate lunch solution platform that values the time of companies and their teams, is taking its operations to the next level and expanding its reach.

Culture
International Sulut Symposium held in Ismayilli [PHOTOS]

International Sulut Symposium held in Ismayilli [PHOTOS]

The 6th International Sulut Symposium on "Historical Sites and Monuments", dedicated to the 90th anniversary of prominent archaeologist Fazil Osmanov, was held in the Basgal settlement and Sulut village of Ismayilli District.

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 hosts Black and Caspian Freight Forum 2026 on regional transport corridors [PHOTOS]

Baku hosts Black and Caspian Freight Forum 2026 on regional transport corridors [PHOTOS]

Baku hosts the 5th International Conference and Exhibition, Black and Caspian Freight Forum 2026: Corridors, Infrastructure, Investments.

Sports
Baku to host World Aquatics Swimming World Cup

Baku to host World Aquatics Swimming World Cup

Baku is getting ready to host the World Aquatics Swimming World Cup 2026, with tickets for the city's stage now on sale.

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