AzerNews - News from Azerbaijan, Business, Energy, Analysis

Why Azerbaijan matters more than ever in global energy market

As of mid-2026, Azerbaijan stands at a profound economic and geopolitical crossroads. Rich oil reserves transformed Baku into one of the world's earliest petroleum capitals, while natural gas exports in the 21st century positioned the country as a strategic supplier to Europe. Yet describing Azerbaijan today as merely an oil and gas exporter increasingly overlooks the broader transformation taking place within its energy sector and the country's evolving geopolitical role.

Nation

Footage of President Ilham Aliyev's visit to Germany posted on his social media [VIDEO]

Footage of President Ilham Aliyev's visit to Germany was posted on his social media accounts.

Oil & Gas

Azeri Light oil price jumps to $98.73 per barrel

The price of Azerbaijan's Azeri Light crude surged sharply on international markets, with the benchmark trading well above the level assumed in the country's 2026 state budget, AzerNEWS reports.

Business

Gold and silver extend gains in COMEX

Gold prices rose sharply in trading on the COMEX commodities exchange in New York, with the price of one troy ounce increasing by ...

Armenian-Azerbaijani Relations

Baku court continues appeals of convicted Armenian nationals [PHOTOS]

On July 21, the hearing continued at the Baku Court of Appeal on the appeals filed by citizens of the Republic of Armenia Arayik Harutyunyan, Arkadi Ghukasyan, Bako Sahakyan, Davit Ishkhanyan, David Babayan, Levon Mnatsakanyan, and others, who were convicted by the Baku Military Court of crimes against peace and humanity, war crimes, including the preparation and conduct of an aggressive war, genocide, violations of the laws and customs of war, terrorism, financing of terrorism, forcible seizure of power, and numerous other crimes committed as a result of Armenia’s military aggression against Azerbaijan.

World

Smotrich says renewed US-Iran war is 'best scenario' for Israel

Israeli Finance Minister Bezalel Smotrich has described the renewed conflict between the United States and Iran as the most favorable scenario for Israel, saying it serves Israeli interests as long as the country does not become directly involved in the fighting, AzerNEWS reports.