2026-3-11 17:57 |
Global oil and liquid hydrocarbon production is expected to grow modestly in 2026, with a more modest increase compared to earlier projections. Quarterly forecasts show gradual increases, with a more significant boost expected in 2027.
This shift in production growth reflects adjustments to market conditions and evolving demand trends. .
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From January through March 2026, Azerbaijan's oil and petroleum product exports to Croatia decreased significantly in both value and volume. This decline is compared to the same period in 2025, when exports were much higher.
Azerbaijan continues to expand its renewable energy share, supported by rising generation, growing wind output, and active electricity trade.
Azerbaijan boosted oil exports to Bulgaria in January–March, shipping 130,800 tons worth $67.9 million—up nearly 65% in volume from a year earlier.
Azerbaijan's crude oil and petroleum product exports to the Czech Republic experienced a significant decrease in both value and volume during the first quarter of 2026, compared to the same period in the previous year.
Azerbaijan’s oil and petroleum product exports to Germany declined significantly in both volume and value compared to the previous year.
Azerbaijan’s oil exports to Romania fell in both value and volume in the first quarter, reflecting a broader global decline in the country’s petroleum shipments.
In the first quarter of 2026, Azerbaijan saw a decline in electricity production from thermal and hydropower plants. Thermal output dropped slightly, while hydropower saw a larger decrease. Overall, total electricity production was lower than the previous year.