Azernews.Az

Tuesday, October 27, 2026
Oil trade’s shipping bottleneck threatens a fresh wave of inflation

Oil trade’s shipping bottleneck threatens a fresh wave of inflation

The rise in oil prices on world markets is showing no sign of stopping. Growing security concerns in the Middle East and rising tanker freight rates are putting additional pressure on the global energy market. It is important to understand that a key factor is the risk that oil may not reach buyers on time, while transportation costs continue to rise significantly.

Azeri Light oil price rises to $127.60 per barrel

Azeri Light oil price rises to $127.60 per barrel

The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Port of Augusta increased by $1.01, or 0.8%, from the previous level to $127.60 per barrel.

Azerbaijan targets global markets with new initiative for small businesses

Azerbaijan targets global markets with new initiative for small businesses

Azerbaijan has highlighted its economic diversification strategy, investment potential and efforts to strengthen the international competitiveness of domestic businesses at the 9th World Investment Forum in Doha, Qatar.

Pesticide concerns highlight food safety challenges in emerging Azerbaijan–Armenia trade

Pesticide concerns highlight food safety challenges in emerging Azerbaijan–Armenia trade

Concerns have been raised over the use of chemical pesticides in Armenian agriculture, following claims that expired substances and improper application practices have contributed to environmental contamination and potential health risks in certain regions of the country.

Latest See more