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Day: March 13, 2026
The price of Azerbaijan’s Azeri Light crude oil rose sharply at Italy’s Augusta Port, reaching $105.58 per barrel on a CIF basis, AzerNEWS reports. The price increased by $10.15, or 10.6%, compared to the previous level.
The post Azeri Light oil surges above $105 per barrel in Italy’s Augusta port first appeared on The South Caucasus News – SouthCaucasusNews.com.
Azerbaijan has successfully pursued a foreign policy that maintains its neutrality while developing both economic and political relations. Its efforts to balance connections from East to West reached a notable peak last year with the strengthening of ties with the United States. This development marks a shift from energy-centric cooperation toward a comprehensive, multi-sector partnership. Historically, bilateral relations have largely relied on energy collaboration, but the new framework institutionalizes and broadens the cooperation to include other sectors, reflecting a purposeful strategic pivot.
The post Azerbaijan seeks broader US investment as strategic ties accelerate first appeared on The South Caucasus News – SouthCaucasusNews.com.
The post Azerbaijan seeks broader US investment as strategic ties accelerate first appeared on The World Web Times – worldwebtimes.com.
