Azerbaijani oil price rises by almost $2

Elvin Jamalov
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market has risen by $1.88, or 2.3%, to $82.07 per barrel, Report informs.

March futures for Brent crude were traded at $78.81 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.

Other News

Average gas price on European market up 9% by 2025-end 01 January, 2026 / 15:59
Azerbaijani oil price continues rising 01 January, 2026 / 14:31
More than 54 bcm of gas supplied to Europe via TAP, energy minister says 31 December, 2025 / 10:57
Azerbaijani oil price edges up slightly 31 December, 2025 / 09:41
SOCAR Green, Milla Dairy sign rooftop solar power project deal 30 December, 2025 / 19:42
SOCAR opens 3 new gas stations in Romania ahead of holidays 30 December, 2025 / 17:20
Connection to power grid in Karabakh, Eastern Zangazur to be free for residential customers 30 December, 2025 / 17:01
Azerbaijan raises gasoline price by 5 gapiks from January 2026 30 December, 2025 / 16:48
Azerbaijan sets fixed tariffs for electricity and natural gas 30 December, 2025 / 15:01
SOCAR Polymer observes over 4% increase in export revenues 30 December, 2025 / 12:07
SOCAR's Marketing Department earns nearly $360 million from non-oil exports 30 December, 2025 / 10:54
Azerbaijan boosts revenues from urea exports by almost 45% 30 December, 2025 / 10:44
Azeri Light crude drops to $65.57 per barrel 30 December, 2025 / 10:25
Oil prices edge lower on US statistics 30 December, 2025 / 09:35
US oil inventories rise 0.4M barrels in week 30 December, 2025 / 08:56
BP announces start date for seismic exploration at Shah Deniz field 29 December, 2025 / 15:43
SOCAR, Uniper discuss global gas market development prospects 29 December, 2025 / 13:17
BP: Over 1B barrels of oil produced from West Azeri platform to date 29 December, 2025 / 11:56
TAP gas orders to Europe rise at several exit points 29 December, 2025 / 10:35
Oil prices rise over 1% 29 December, 2025 / 10:27