Azerbaijani oil prices grow slightly

Agshin Rafigoglu
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.51, or 0.71%, to $72.52 per barrel, Report informs.

September futures for Brent crude were traded at $68.71 per barrel.

The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port grew by $0.51 or 0.73%, amounting to $71.21.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 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

Baku hosts performance leadership forum for SOCAR's top management 23 February, 2026 / 16:28
AzerEnerji, IRIA agree on digitalization cooperation 23 February, 2026 / 16:09
Wind power generation in Azerbaijan surges almost 22-fold 23 February, 2026 / 14:29
Azerbaijan Energy Ministry signs deals for solar power plants in Nakhchivan 23 February, 2026 / 13:44
Gas prices in Europe fall 3.5% 23 February, 2026 / 13:09
Oil prices fall over 1% 23 February, 2026 / 10:02
Kyiv suggests EU use Odessa-Brody oil pipeline instead of Druzhba 21 February, 2026 / 16:19
Azerbaijani oil prices fall slightly 21 February, 2026 / 10:08
Volume of oil transported via BTC surpassed 2M tons in Jan.2026 20 February, 2026 / 18:03
Transportation via Baku-Tbilisi-Erzurum pipeline increased by over 15% 20 February, 2026 / 17:27
Azerbaijan's commercial gas production up nearly 9% 20 February, 2026 / 17:23
MOL's capital spending in Azerbaijan tops $123 million in 2025 20 February, 2026 / 16:26
MOL boosts hydrocarbon production in Azerbaijan by 5.5% in 2025 20 February, 2026 / 16:04
Energy minister: Moldova open to participating in Black Sea Green Energy Corridor - INTERVIEW 20 February, 2026 / 15:33
Azerbaijan exports over 5,400 tons of Premium Euro-95 gasoline in 2025 20 February, 2026 / 15:25
Fitch Solutions: STAR Refinery began diversifying its oil supply sources 20 February, 2026 / 14:36
SOCAR opens South Caucasus' first fully electric charging station in Tbilisi 20 February, 2026 / 13:26
IMF reveals forecasts for Azerbaijan's gas export prices until 2032 20 February, 2026 / 11:12
IMF forecasts Azerbaijan's oil export price at $66.7 per barrel in 2026 20 February, 2026 / 11:03
Azerbaijani oil price approaches $73 20 February, 2026 / 10:03