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Azerbaijan
Armenia reshapes its pricing system as it continues to import Azerbaijani fuel
Two fuel shipments from Azerbaijan to Armenia in recent months have made groundbreaking changes - not only to the reconciliation process between the countries, but to reshaping the Armenian market by driving local prices down. The country once relied solely on Russia and Iran for energy supplies.
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Venezuela
Venezuela's 'black gold' allies: How China, Russia and Iran are linked
From 1999 onwards, successive governments pursued a strategy linking foreign policy, state financing and the management of the country's main industry. The result was a network of bilateral alliances that channelled much of Venezuela's crude outside conventional buying and selling circuits.
Business
How Azerbaijan’s oil fund is expanding its influence in Europe
Azerbaijan’s State Oil Fund is ramping up European infrastructure and renewables investments, taking stakes in London Gatwick airport and Italian solar panel capacities as it seeks to diversify away from oil and hydrocarbon revenues.
Markets
European shares hit record highs on US shutdown progress
European stocks rallied to new record highs as optimism grew over a US government shutdown resolution and strong corporate earnings. Gains were led by healthcare and luxury sectors, while UK bond yields rose amid political uncertainties. Currency and commodity markets showed mixed signals.