Turkmenistan exceeds oil production plan in its Balkan Region in 1Q2026
Turkmennebit State Concern fulfilled its oil production plan in the first quarter of 2026, driven by large-scale well restoration works in the Balkan Region. trend.az »
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Turkmennebit State Concern fulfilled its oil production plan in the first quarter of 2026, driven by large-scale well restoration works in the Balkan Region. trend.az »
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. trend.az »
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. trend.az »
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. trend.az »
Azerbaijan’s oil and petroleum product exports to Germany declined significantly in both volume and value compared to the previous year. trend.az »
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. trend.az »
Azerbaijan resumed oil shipments to France in March, reflecting ongoing energy trade ties despite an overall decline in exports during the first quarter of the year. trend.az »
Azerbaijan's petroleum coke exports saw significant growth in both volume and value, while overall crude oil and petroleum product exports experienced a decline in value, reflecting shifting dynamics in global trade. trend.az »
Kazakhstan’s key export structure includes crude oil and petroleum products as the dominant category, along with refined copper and copper alloys, copper ores and concentrates, ferroalloys, and wheat. trend.az »
Azerbaijan's trade performance in early 2026 reflects a decline in both export value and volume, despite maintaining a trade surplus due to a sharper drop in imports. trend.az »
KazTransOil reported increased oil transportation and transit volumes in the first quarter of 2026, including higher deliveries to the Caspian Pipeline Consortium system. trend.az »
Azerbaijan's ACE platform in the Azeri-Chirag-Guneshli field has reached a significant production milestone, boosting oil output as part of the $6 billion development project. trend.az »
Azerbaijan's crude oil and petroleum product exports, despite a slight decline in volume and value, continue to maintain strong demand, with Italy leading as the top importer and promising trade opportunities across diverse global markets. trend.az »
Azerbaijan produced 6.630 million tons of crude oil in the first quarter, marking a 3.4% decline compared to the same period last year, according to official statistics. trend.az »
The sustained demand for petrochemical feedstocks, combined with stable industrial output, is expected to offset broader structural shifts in the energy landscape. trend.az »
The report also highlights that continued recovery in road mobility and air travel will bolster demand for gasoline and jet/kerosene. trend.az »
The volume of oil transported via the Baku-Tbilisi-Ceyhan (BTC) pipeline saw a decline in the first quarter of 2026. This reduction reflects a notable drop compared to the same period last year. Most of the oil transported was produced in Azerbaijan, with a smaller share coming from Turkmenistan and Kazakhstan. trend.az »
Weekly overview of Azerbaijan’s oil and energy sector highlights key developments. trend.az »
Global oil production is set to fall 1.3 million barrels per day in 2026 but is projected to rebound in 2027, the EIA reports. trend.az »
The report highlights a sharp shift in global oil market dynamics tied to the ongoing Iran conflict. Before the escalation, the EIA said it viewed the market as oversupplied, with inventories rising quickly and prices trending downward. trend.az »
Brent crude oil prices peaked in March and are expected to rise further in mid-2026 before gradually declining. The outlook is shaped by ongoing production disruptions and the uncertainty surrounding the Middle East conflict. Prices are projected to decrease over the following years. trend.az »
Crude oil and natural gas production in Tajikistan fell sharply in early 2026, while the broader extractive and industrial sectors maintained moderate growth. trend.az »
Turkmenistan’s oil and gas sector overfulfilled production and refining plans in the first quarter of 2026, with strong growth in fuel output. trend.az »
Entrepreneurs from the UAE, Uzbekistan and Georgia, along with local businesses, concluded transactions for polypropylene, base oils and cotton by-products during the latest trading session at the Turkmen commodity exchange. trend.az »
Output in the sector has demonstrated steady growth, increasing from 358,000 tons in 2023 to 619,000 tons in 2025. trend.az »
Even though Uzbekistan's oil production had a little dip in the beginning of 2026, the country's trade in petroleum products and oil rose. trend.az »
Entrepreneurs from Georgia, Afghanistan and the UAE, along with local businesses, concluded transactions for polypropylene, base oils, wheat flour, cotton by-products and textiles during the latest trading session at the Turkmen commodity exchange. trend.az »
Uzbekistan recorded steady growth in oil and petroleum trade in early 2026, with rising exports accompanied by a sharp increase in imports-particularly gasoline. trend.az »
A single transaction for heating oil was concluded on Turkmenistan’s commodity exchange during the latest trading session. trend.az »
Azerbaijan's export of crude oil and petroleum products from bituminous rocks to T's State Customs Committee, both the export volume and value experienced notable increases compared to the same period in 2025. trend.az »
KazMunayGas increased its oil and gas output in 2025, driven by higher operational efficiency and capacity expansion. trend.az »
Azerbaijan's foreign trade in early 2026 saw a decline in both exports and imports, resulting in a reduced trade surplus compared to the previous year. trend.az »
Azerbaijan's foreign trade in early 2026 saw a significant decline in both exports and imports, while the country recorded a positive trade balance despite the decrease. trend.az »
The transition from decline to growth in domestic extraction underscores Beijing’s ongoing push to bolster energy security and reduce reliance on expensive imports. trend.az »
Azerbaijan’s trade with foreign countries showed a decline in both exports and imports during the first two months of 2026, reflecting lower oil exports to Bulgaria and a decrease in overall trade turnover. trend.az »
Azerbaijan's trade dynamics in early 2026 show significant declines in both exports and imports, reflecting broader shifts in commodity markets and economic activity. trend.az »
Azerbaijan's extractive industry faced declines in key petroleum product outputs in early 2026, while overall sector performance saw a slight increase in value. trend.az »
Azerbaijan's petroleum sector has experienced a significant downturn in production and value during the first two months of 2026, with declines across most key products, signaling a challenging economic environment for the industry. trend.az »
In the first two months of 2026, the Baku-Tbilisi-Ceyhan (BTC) pipeline saw a decrease in the volume of transit oil. A drop in transportation from prior years was the main factor in the decrease. Azerbaijan was the primary oil producer, with Turkmenistan and Kazakhstan contributing less. trend.az »
Azerbaijan’s oil exports to Germany saw a sharp decline, reflecting a broader contraction in trade flows during the reporting period. trend.az »
The Czech Republic saw a decline in the quantity and value of Azerbaijan's oil shipments in January and February of 2026. Compared to the same time in 2025, there was a considerable fall in both the value and volume of exports. trend.az »
From January through February 2026, Azerbaijan exported a significant amount of crude oil and petroleum products to Romania. The export value saw a decline compared to the same period last year. Despite this, Romania remained the second-largest importer of Azerbaijani oil. trend.az »
Azerbaijan's oil exports to Italy grew in volume but decreased in value during January-February 2026. Despite the drop in value, Italy remained the leading importer. The volume increase highlights ongoing demand for Azerbaijani oil. trend.az »
Even though oil and gas production has taken a hit, Tajikistan’s mining sector keeps the wheels turning, ensuring consistent industrial growth year after year. trend.az »
Global oil reserves have reached their highest level since early 2021, with many held by OECD countries. In response to supply disruptions, IEA members agreed to release emergency stocks. The long-term impact on the market depends on geopolitical developments and shipping security. trend.az »
The report noted that high oil prices and growing risks to the global economy have also negatively affected the outlook. trend.az »
The IEA's revised global oil demand forecast reflects ongoing market disruptions, including geopolitical tensions and supply chain challenges. trend.az »
Global oil output is anticipated to surge this year if OPEC+ members stick to their present production agreement. trend.az »
The Organization of the Petroleum Exporting Countries (OPEC) has projected a continued rise in global oil demand through 2027. trend.az »
Worldwide crude oil production is anticipated to reach 80.79 million barrels per day in 2027, according to the agency's prediction. The first quarter of 2027 is projected to hit 80.69 million barrels per day. trend.az »