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Sunday, August 16, 2026
Oil’s geopolitical premium collides with weaker global economy

Oil’s geopolitical premium collides with weaker global economy

The global oil market has entered another period where geopolitics is setting the tone, while weaker demand and rising inventories are trying to pull prices back down. That tension between physical risk and economic reality is what now defines the market.

Nation
US State Department notifies Congress of extension of Azerbaijan's waiver from Section 907

US State Department notifies Congress of extension of Azerbaijan's waiver from Section 907

The U.S. Department of State has informed Congress that it has extended the waiver of Section 907 of the Freedom Support Act with regard to Azerbaijan.

Oil & Gas
Azeri Light oil price falls to $93.97 per barrel

Azeri Light oil price falls to $93.97 per barrel

The price of Azerbaijan’s Azeri Light crude oil fell by $1.42, or 1.51%, at Italy’s Augusta port on a CIF basis, reaching $93.97 per barrel, AzerNEWS reports.

Business
Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026

Meta to add Azerbaijan VAT rules to Facebook advertising from September 2026

Meta will begin applying Azerbaijan’s 18% value-added tax (VAT) to Facebook advertising from September 1, 2026, according to information released by the company.

Armenian-Azerbaijani Relations
Russia sends another 560 tons of wheat to Armenia through Azerbaijan

Russia sends another 560 tons of wheat to Armenia through Azerbaijan

Another shipment from Russia to Armenia was carried out in transit through Azerbaijan on August 15, AzerNEWS reports.

World
South Korean military fires warning shots after North Korean troops cross border

South Korean military fires warning shots after North Korean troops cross border

South Korean troops fired warning shots after several North Korean soldiers crossed the Military Demarcation Line (MDL) earlier this week.

Analysis

Lifestyle
Rainy weather expected in country's regions

Rainy weather expected in country's regions

On August 15, the weather in Baku and the Absheron Peninsula is expected to be variably cloudy and mostly dry, AzerNEWS reports citing the National Hydrometeorological Service.

Culture
National Library launches e-database in honor of Khagani Shirvani

National Library launches e-database in honor of Khagani Shirvani

An electronic information database dedicated to prominent Azerbaijani poet Afzaladdin Khagani Shirvani has been presented to users at the Azerbaijan National Library, 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
Azerbaijan Army conducts military oath-taking ceremonies [PHOTOS/VIDEO]

Azerbaijan Army conducts military oath-taking ceremonies [PHOTOS/VIDEO]

In accordance with the training plan for 2026 approved by the Minister of Defense, Colonel General Zakir Hasanov, the military oath-taking ceremonies for young soldiers were held in the Azerbaijan Army on August 10.

Sports
Neftchi sign American guard Jerod Robinson for rest of season

Neftchi sign American guard Jerod Robinson for rest of season

Azerbaijani basketball club Neftchi have strengthened their roster with the signing of American guard Jerod Robinson, AzerNEWS reports.

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