Azerbaijani oil price exceeds $103

Agshin Rafigoglu
Author

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $8.41, or 8.89%, to $103.03, a source in the oil market told Report.

According to the results of the trading, the price of May futures for Brent crude oil amounted to $102.84.

The price of one barrel of Azeri Light crude at the FOB basis at Turkish Ceyhan port increased by $8.6 or 9.5%, amounting to $99.10.

In Azerbaijan's state budget for this year, the average price of one barrel of oil has been calculated at $65.

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