Oil revenues in Azerbaijan

The International Energy Agency (IEA) reports that global oil demand in 2024 is expected to reach 103.06 million barrels per day, with a decrease anticipated for 2025 due to weakened demand growth. China's role in global oil demand is diminishing, with India and Brazil emerging as new growth drivers. Meanwhile, in Tennessee, gas prices dropped by five cents last week, with the state's average at $3.11 per gallon, despite national prices rising to $3.52. In Azerbaijan, the price of AI-95 gasoline will decrease to 1.60 manats per liter as domestic production meeting Euro-5 standards begins, benefiting car owners and aligning with international prices.