The Azerbaijan State News Agency

ECONOMY

Oil prices surge in global markets

Oil prices surge in global markets

Baku, May 2, AZERTAC

Oil prices climbed in global markets on Friday.

On the London Intercontinental Exchange (ICE), the price of Brent crude increased by $0.34, reaching $62.47 per barrel. Meanwhile, Light crude on the New York Mercantile Exchange (NYMEX) rose by $0.34 to settle at $59.58 per barrel.

Share news on social media

Follow us on social network

Other news in this section

Azerbaijan, DCO discuss digitalization of public finance
  • 06.10.2026 [21:38]

Azerbaijan, DCO discuss digitalization of public finance

Azerbaijan and UK enhance opportunities for economic cooperation
  • 06.10.2026 [20:12]

Azerbaijan and UK enhance opportunities for economic cooperation

ADY reports 19 percent surge in rail passenger traffic through September
  • 06.10.2026 [19:27]

ADY reports 19 percent surge in rail passenger traffic through September

Baku hosts 8th meeting of Azerbaijan-UK Joint Intergovernmental Commission
  • 06.10.2026 [18:50]

Baku hosts 8th meeting of Azerbaijan-UK Joint Intergovernmental Commission

Azerbaijan, UK sign protocol and four cooperation documents in Baku
  • 06.10.2026 [18:22]

Azerbaijan, UK sign protocol and four cooperation documents in Baku

Azerbaijan and UK to establish new working groups across various areas of cooperation
  • 06.10.2026 [18:16]

Azerbaijan and UK to establish new working groups across various areas of cooperation

Azerbaijan’s exports to UK increase over 14-fold – GRAPH
  • 06.10.2026 [18:00]

Azerbaijan’s exports to UK increase over 14-fold – GRAPH

Azerbaijan to join Istanbul Economic Forum
  • 06.10.2026 [17:38]

Azerbaijan to join Istanbul Economic Forum

Azerbaijan, Türkiye expand cooperation in standardization
  • 06.10.2026 [17:32]

Azerbaijan, Türkiye expand cooperation in standardization

Russian Foreign Ministry: Relations between Russia and Azerbaijan are developing on the basis of good-neighborliness and mutual respect

  • [21:58]

EU offers 1-year flexibility on methane rules amid energy crisis

  • [21:42]

National Defense University hosts Instructor Training Course’s graduation ceremony

  • [21:40]

Azerbaijan, DCO discuss digitalization of public finance

  • [21:38]

Chairman of the Caucasus Muslims Office meets Kazakhstan’s Vice President

  • [21:15]

Baku State University, Caucasus International University ink MoU

  • [20:46]

Turkish delegation visits DOST Agency and DOST Center for Inclusive Development and Creativity

  • [20:28]

Azerbaijan and UK enhance opportunities for economic cooperation

  • [20:12]

Azerbaijani FM briefs incoming Georgian ambassador on normalization process with Armenia

  • [20:01]

Top stories update

  • [20:00]

Azerbaijani judoka wins bronze medal at Judo 2026 World Championships

  • [19:48]

TVP World highlights legacy of Polish architects in Baku

  • [19:42]

Pakistan successful test launches extended version of Fatah-4, Ground Launched Cruise Missile

  • [19:30]

ADY reports 19 percent surge in rail passenger traffic through September

  • [19:27]

Israeli ambassador briefed on Azerbaijan’s landmine problem

  • [19:23]

Azerbaijan’s special forces attend "Eternal Brotherhood – V" exercise in Uzbekistan

  • [19:14]

Poland to invest over 26 bln USD in population protection, civil defense

  • [19:12]

CineMastercard’s first multiplex with new technologies to open at Sea Breeze

  • [19:07]

Azerbaijan`s PM meets with Secretary-General of Digital Cooperation Organization

  • [18:57]

Baku hosts 8th meeting of Azerbaijan-UK Joint Intergovernmental Commission

  • [18:50]

Mozambique’s National Dialogue moves to proposal consolidation after diaspora hearings

  • [18:29]

Kazakhstan plans to launch commercial air taxi flights in 2028

  • [18:25]

Azerbaijan, UK sign protocol and four cooperation documents in Baku

  • [18:22]

Mozambique’s COTE concludes public hearings

  • [18:18]

Azerbaijan and UK to establish new working groups across various areas of cooperation

  • [18:16]

Azerbaijan’s exports to UK increase over 14-fold – GRAPH

  • [18:00]

Sofia hosts photo exhibition on Azerbaijani and Bulgarian architectural heritage

  • [17:53]

Azerbaijan to join Istanbul Economic Forum

  • [17:38]

Azerbaijan, Türkiye expand cooperation in standardization

  • [17:32]

President of Uzbekistan receives FAO’s highest award – Agricola Medal

  • [17:20]

ADA University hosts Third Annual Symposium on Quality Assurance in Higher Education

  • [17:16]

Architectural decorations from the Samanid era discovered

  • [17:14]

® Azercell CEO meets DCO Secretary-General Deemah AlYahya

  • [17:13]

IOC: Candidates from seven countries bidding for 2036 Olympics

  • [17:09]

Azercosmos highlights Azerbaijan’s vision for international space cooperation in Muscat

  • [17:05]

President Ilham Aliyev received UK Minister of State for Trade VIDEO

  • [16:59]

Pakistan showcases AI innovations at AI Everything Global 2026 in UAE

  • [16:57]

Azerbaijani Ombudsperson meets with UN Resident Coordinator

  • [16:54]

® A new initiative in the banking sector: Birbank plants trees in honor of newborns

  • [16:51]

Azerbaijan’s FM Bayramov briefs US official on regional issues

  • [16:46]

President Ilham Aliyev: We will continue to support Small Island Developing States in their efforts to tackle climate change

  • [16:25]

Azerbaijani President: We placed priorities of SIDS at the forefront of our COP29 Presidency

  • [16:10]

Azercosmos showcases geospatial information system capabilities in Antalya

  • [16:10]

International Space Congress adopts “Antalya Declaration on Space for Peace”

  • [16:09]

Fiji hosts Pre-COP31 Leaders' Event

  • [16:09]

To the participants of Pre-COP Leaders’ Event 2026

  • [15:40]

Representatives of Albanian-Udi Christian Community visit Aghoghlan Monastery in Lachin

  • [15:19]

Azerbaijani delegation attends 30th Consumer Council meeting in Ankara

  • [15:06]

“Fly to Baku. Art Weekend. Sense the Future NOW” presents performances and interactive projects creating new connections between people, nature and memory

  • [14:46]

Azerbaijan, France share experience in animal identification

  • [14:38]

King's funding for Andrew not to be used for legal action against police

  • [14:28]

Speaker of Azerbaijan’s Milli Majlis attends opening ceremony of IPU’s 153rd Assembly

  • [13:59]

UN upholds housing as a human right on World Habitat Day

  • [13:50]

Europe seeks to increase gas imports from Azerbaijan

  • [13:49]

Photo exhibition on Armenia’s mine warfare against Azerbaijan opens in Geneva

  • [13:30]

Germany, Azerbaijan seek to expand opportunities for joint project development

  • [13:29]

Indonesian Army expands territorial reach with six new commands

  • [13:08]

Speaker Gafarova: Important steps taken during Azerbaijan’s APA chairmanship

  • [13:01]

World Bank forecasts Azerbaijan’s GDP to grow in 2027-2028

  • [12:57]

US says 130th commercial vessel redirected during Iran blockade

  • [12:44]

Foreign Ministry: Azerbaijani captain killed, one missing in drone attack on cargo ship in Black Sea

  • [12:31]

CICA delegation visits ASAN Khidmet Center

  • [12:30]

SEE FORWARD SUMMIT 2026 to bring together business and government leaders in Sofia

  • [12:25]

UN chief arrives in Pakistan for 3-day official visit

  • [12:24]

Sahiba Gafarova: Challenges facing the Muslim world require stronger cooperation

  • [12:11]

Rome, paper bomb explodes in condominium courtyard in San Basilio: no injuries

  • [12:07]

Top stories update

  • [12:01]

Azerbaijani Deputy PM meets with Russian Government representatives

  • [11:51]

More than 184,000 displaced as fighting intensifies in Yemen

  • [11:37]

Gold prices fall on global markets

  • [11:10]

German-Azerbaijani Strategic Partnership and Connectivity Conference kicks off in Baku

  • [11:02]

Oil prices climb on global markets

  • [10:59]

Azerbaijan expands international cooperation in digital transformation and innovation

  • [10:57]

Representatives of Azerbaijani and Georgian defense ministries hold meeting

  • [10:55]

October 6 marks World Habitat Day

  • [10:42]

Azerbaijani oil sells for $124

  • [10:39]

Khyber District reports country’s sixth polio case

  • [10:35]

Israeli, Canadian companies team up to improve rare-disease diagnosis

  • [10:32]

Italy beat Türkiye 3-1 as France stage late comeback against Belgium

  • [10:04]

Azerbaijani, Nigerian FMs hold phone talk

  • 05.10.2026 [22:33]

Turkish ministers Fidan and Guler in Riyadh

  • 05.10.2026 [22:22]

Yemeni forces recapture Red Sea port city of Mokha from Houthis

  • 05.10.2026 [22:12]

Japan plans no new oil reserve release following G7 agreement: Premier

  • 05.10.2026 [22:03]

Special educational institutions celebrate World Teachers’ Day

  • 05.10.2026 [21:57]

Azerbaijani FM, U.S. Secretary of State hold phone talk

  • 05.10.2026 [21:56]

Azerbaijani culture showcased at Vietnamese festival

  • 05.10.2026 [21:41]

President Ilham Aliyev’s social media account shared video on opening ceremony of World Judo Championships VIDEO

  • 05.10.2026 [21:33]

Power outage hits thousands of homes, businesses in London

  • 05.10.2026 [21:10]

Azerbaijan joins music festival in South Korea

  • 05.10.2026 [20:44]

President Ilham Aliyev’s social media accounts shared video on inauguration of pharmaceutical manufacturing plant VIDEO

  • 05.10.2026 [20:32]

TURKPA Secretary General meets with Speaker of Kyrgyz Parliament

  • 05.10.2026 [20:26]

EU disburses $175M to Moldova as sides reaffirm path toward bloc membership

  • 05.10.2026 [20:22]

23 Chinese students to study in Azerbaijan under Intergovernmental Scholarship Program

  • 05.10.2026 [20:19]

Türkiye pursuing determined goal of becoming strong, respected global space player: President Erdogan

  • 05.10.2026 [20:11]

Azerbaijan, Digital Cooperation Organization expand cooperation

  • 05.10.2026 [20:11]

Top stories update

  • 05.10.2026 [20:00]

Government of Pakistan launches aid program to protect working-class citizens from rising global oil prices

  • 05.10.2026 [19:38]

10th DokuBaku International documentary film festival opens in Baku

  • 05.10.2026 [19:26]

President Ilham Aliyev attended opening ceremony of World Judo Championships VIDEO

  • 05.10.2026 [19:17]

Baku hosts World Judo Championships opening ceremony

  • 05.10.2026 [19:09]