Azerbaijani oil price keeps on falling

Gunel Abbasova
Author

Baku. 29 January. REPORT.AZ/ The price of Azerbaijan's Azeri LT CIF crude oil traded in the financial markets has fallen by $1.75 or 2.77% settling at $61.48 per barrel, Report informs.

Notably, the record low of Azeri LT CIF was registered in December 2001 ($19.15) and the all time high was recorded in July 2008 ($149.66).

Other News

Ali Asadov chairs meeting on oil refining and petrochemical development 13 October, 2026 / 18:14
Azerbaijan's gasoline and diesel retail sales rise 4% in January-September 13 October, 2026 / 17:29
Azerbaijan fell short of its OPEC+ quota by 103,000 bpd in August 13 October, 2026 / 17:03
OPEC: Oil exports via BTC pipeline rise 8% in August 13 October, 2026 / 17:02
Brent falls to $105.51 per barrel 13 October, 2026 / 11:23
Azeri Light oil price rises to $131.62 per barrel 13 October, 2026 / 10:12
Parviz Shahbazov: Oil market stability also depends on safe energy deliveries 12 October, 2026 / 23:17
Vallourec to supply over 16,000 tonnes of pipes for Azerbaijan's Absheron gas field 12 October, 2026 / 17:54
KazTransOil boosts oil shipments toward BTC 12 October, 2026 / 16:37
Mikayil Jabbarov: SOCAR exploring investment opportunities with Cambodia 12 October, 2026 / 16:36
President approves agreement on exploration, development and production sharing in Guba-Caspian region 12 October, 2026 / 15:35
Aramco CEO warns 'squeeze on crude oil is serious' 12 October, 2026 / 14:38
OPEC cuts 2026 oil demand growth forecast to 400,000 bpd 12 October, 2026 / 14:23
Gran Tierra Energy registers local branch in Azerbaijan 10 October, 2026 / 12:00
Azeri Light oil price falls by 1.82% to $130.81 per barrel 10 October, 2026 / 11:34
Saudi Aramco to deliver full agreed oil volumes to Europe in November 09 October, 2026 / 21:46
Slovakia сonsiders long-term gas supplies from Azerbaijan 09 October, 2026 / 21:44
SOCAR outperforms 83% of oil and gas companies in S&P Global assessment 09 October, 2026 / 21:17
AIIB and ADB to provide $2 million for Caspian green energy corridor study 09 October, 2026 / 16:11
Power generation in Lachin increases nearly 19-fold in three years 09 October, 2026 / 15:21