Azeri Light crude drops to $69.77 per barrel

Agshin Rafigoglu
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.03, or 0.04%, to $69.77 per barrel, Report informs.

April futures for Brent crude were traded at $69.7 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 remained unchanged at $67.27.

The average oil price in Azerbaijan's state budget for 2026 was set at $65 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

Gas prices in Europe rise 1.9% 06 February, 2026 / 12:51
Azerbaijan summarizes year of implementing green energy space goal 06 February, 2026 / 12:33
Fitch assesses SOCAR ratings alongside 10 of world's largest oil and gas companies 05 February, 2026 / 20:16
Azerbaijan, World Bank discuss gas supply reforms and tariffs 05 February, 2026 / 13:04
Rystad Energy: Geopolitics losing long-term influence on oil prices 05 February, 2026 / 11:10
SOCAR AQS participates in tenders in Iraq 05 February, 2026 / 11:05
SOCAR AQS to drill eight wells in Türkiye over two years 05 February, 2026 / 10:52
World oil prices fall over 2% 05 February, 2026 / 10:41
SOCAR Capital wins international award for green bond issuance 04 February, 2026 / 20:17
MPD technology planned for use at Azerbaijan's Gunashli field 04 February, 2026 / 17:07
SOCAR: Security measures at production facilities tightened amid adverse weather 04 February, 2026 / 11:53
BP talks about volume of investments in projects in Azerbaijan 04 February, 2026 / 11:05
SOCAR exploring alternative technologies to make mature fields more profitable 04 February, 2026 / 11:01
Gas reserves in European storage facilities fall below 40% 04 February, 2026 / 10:55
SOCAR switching to more cost-effective solutions as well production rates decline 04 February, 2026 / 10:44
SOCAR reveals drilling plans for 2026 04 February, 2026 / 10:15
Azeri Light crude rises to $69.8 per barrel 04 February, 2026 / 09:36
SOCAR launches Operational Technology Academy 03 February, 2026 / 15:51
Azerbaijan's Astara modular power plant produces 5.2 billion kWh of electricity 03 February, 2026 / 13:56
Oil prices fall amid easing geopolitical risks 03 February, 2026 / 09:37