Azeri oil price falls below $105

Tural Ibadli
Author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $1.14 or 1.08% to $104.48 per barrel, Report informs.

Yesterday, the Brent crude price was $98.02 a barrel.

The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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

Azeri Light crude price slips to $72.75 per barrel 28 February, 2026 / 11:17
Azerbaijan, UAE company to expedite commissioning of Bilasuvar solar power plant 27 February, 2026 / 19:49
SOCAR, BP sign Caspian seismic research agreement 27 February, 2026 / 18:02
Romania plans to join Azerbaijan–Georgia–Türkiye–Bulgaria energy corridor project 27 February, 2026 / 16:05
SOCAR and Masdar agree to expand cooperation on decarbonization 27 February, 2026 / 15:47
Yerlan Akkenzhenov: Azerbaijan ready to increase transit of Kazakh oil to 2.2 million tons per year 27 February, 2026 / 15:01
Gazprom Neft Deputy Chairman Anton Dzhalyabov detained for bribery 27 February, 2026 / 14:16
WEC Italy Sec.-Gen.: Co-op with Azerbaijan strengthens energy supply security 27 February, 2026 / 14:03
Luca Schieppati: TAP confirms its status as most reliable, environmentally friendly gas supply route to EU - INTERVIEW 27 February, 2026 / 11:27
BP appoints new national finance vice president for AGT 27 February, 2026 / 10:24
Azeri Light crude up 2% 27 February, 2026 / 10:06
Azerbaijan cuts kerosene imports by 70% 26 February, 2026 / 16:04
Slovak gas industry to be represented in Southern Gas Corridor meeting in Baku 26 February, 2026 / 12:16
Azeri Light oil price falls to $71.46 per barrel 26 February, 2026 / 10:07
Seabed exploration for Caspian-Black Sea-Europe Green Energy Corridor to be conducted in 2 phases 26 February, 2026 / 08:40
Ambassador: Azerbaijan is Ukraine's strategic energy partner 25 February, 2026 / 19:01
Jorgensen to represent EU at SGC and green energy meetings in Baku - EXCLUSIVE 25 February, 2026 / 16:08
SOCAR and Samsung E&A ink memorandum 25 February, 2026 / 14:08
4,500 tons of diesel fuel to be shipped from Azerbaijan to Armenia 25 February, 2026 / 09:57
Azeri Light crude drops to $71.97 per barrel 25 February, 2026 / 09:52