Azerbaijani oil price declines below $ 70

Economic Department
Author

Baku. 20 January. REPORT.AZ/ Price of the Azerbaijani Azeri LT CIF crude, selling on world markets declined by $ 0,88 or 1,24%.

Report informs, price of oil brand Azeri LT CIF now makes $ 69,97 / barrel.

Notably, minimum price of Azeri LT CIF was recorded in December 2001 ($ 19.15) and the maximum value of the brand was registered in July 2008 ($ 149.66). 

Other News

Serbia may increase its total nuclear power capacity to 1,000 MW after 2040 14 March, 2026 / 17:27
Azerbaijani oil price in global market exceeds $109 14 March, 2026 / 09:32
SOCAR, Pertamina discuss cooperation 13 March, 2026 / 21:06
Azerbaijan, Belgium discuss green energy exports 13 March, 2026 / 18:14
Sinopec plans to cut crude runs by over 10% on Mideast supply squeeze 13 March, 2026 / 17:31
Gulf states lose $15B in energy revenues since start of war 13 March, 2026 / 12:03
Italy to use about 10 million barrels from strategic oil reserves 13 March, 2026 / 09:52
Azeri Light crude rises to $105.58 per barrel on global markets 13 March, 2026 / 09:45
Hayyan Abdul Ghani: Iraq close to signing agreement on oil exports via Ceyhan 12 March, 2026 / 23:03
EU removes Georgia's Kulevi Port from 20th Russia sanctions package 12 March, 2026 / 17:21
EDB reveals investment flows between Azerbaijan and Türkiye 12 March, 2026 / 14:56
President Ilham Aliyev addresses rise in global oil prices in speech at 13th Global Baku Forum 12 March, 2026 / 11:34
Brent oil tops $98 per barrel amid Middle East tensions 12 March, 2026 / 10:53
Australia to allow lower fuel quality amid surge in petrol demand 12 March, 2026 / 10:15
Azerbaijani oil price exceeds $95 12 March, 2026 / 09:45
Pashinyan: Fuel imports from Azerbaijan lowered prices, broken monopoly on market 11 March, 2026 / 18:15
Azerbaijan lagged behind OPEC+ quota by 93,000 barrels per day in Feb. 2026 11 March, 2026 / 17:51
Ilham Aliyev: Azerbaijan plans to increase gas production 11 March, 2026 / 17:13
Kazakhstan ratifies green corridor agreement with Azerbaijan, Uzbekistan 11 March, 2026 / 13:53
Erlan Aqkenjenov: Kazakhstan plans to export 1.5 to 2.2 M tons of oil via BTC 11 March, 2026 / 13:39