Azerbaijani oil price drops below $80

Agshin Rafigoglu
Author

09, October 2024 / 06:21

The price of Azerbaijan's Azeri LT CIF oil in the world market dropped by $3.33, or 4.02%, to $79.58 per barrel, Report informs.

December futures for Brent crude were traded at $80.93 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $75 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.

Azerbaijan saw decrease in oil imports by 12.7% last year 28 January, 2026 / 10:26

Price of Azerbaijani oil surpasses $69 28 January, 2026 / 10:08

Oil prices rise 28 January, 2026 / 09:46

Yerevan, Baku agreed on LNG supplies to Armenia through Azerbaijan 27 January, 2026 / 19:39

Azerbaijan more than doubles oil exports to Bulgaria 27 January, 2026 / 16:26

Azerbaijan sends another batch of humanitarian aid to Ukraine 27 January, 2026 / 15:20

Dollar share in SOFAZ's investment portfolio exceeds 70% 27 January, 2026 / 13:17

Azerenerji mulls implementation of AZURE project with WB 27 January, 2026 / 13:04

Azerbaijan halves gas imports in 11 months of 2025 27 January, 2026 / 10:43

Azeri Light crude drops to $67.86 per barrel 27 January, 2026 / 10:25

Azerbaijan exported about 6,500 tons of AI-92 gasoline in January-November 27 January, 2026 / 10:19

Azerbaijan, World Bank discuss prospects of energy cooperation 27 January, 2026 / 09:53

Oil prices fall on prospects of increased supplies 27 January, 2026 / 09:49

SOCAR, WB mull implementation of green energy corridors 27 January, 2026 / 08:40

UK's crude oil imports from Azerbaijan nearly halve 26 January, 2026 / 15:46

Azerbaijan's crude oil exports to Greece nearly doubled in 2025 26 January, 2026 / 15:20

SOCAR sets new drilling record 26 January, 2026 / 12:34

Global oil prices rise 26 January, 2026 / 10:02