Brent, the international benchmark, has climbed 0.84% to $87.31 a barrel, the highest price since October 2014, Report informs.
US oil benchmark West Texas Intermediate has risen more than 1.3% to $84.38.
Brent crude price hits seven-year high
Other News
Azerbaijan, Ukraine discuss 1,000 MW power plant in Mingachevir
05 November, 2026 / 14:20
Parviz Shahbazov: Baku aims to deepen energy partnership with Kyiv
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Oil prices fall as US election results shift market outlook
05 November, 2026 / 09:59
Azeri Light oil price falls to $106
05 November, 2026 / 09:52
SOCAR, Comstock ink definitive purchase and sale agreement
05 November, 2026 / 09:18
Azerbaijani energy minister begins visit to Ukraine
04 November, 2026 / 21:47
Azerbaijan's associated gas production projected to rise 1.5% next year
04 November, 2026 / 21:17
ACG oil output forecast at 316,400 barrels per day in 2027
04 November, 2026 / 18:56
Serbia-Azerbaijan project to build gas-fired power plant opens for public consultation
04 November, 2026 / 17:12
BP to launch third phase of 4D seismic survey at ACG in January 2027
04 November, 2026 / 16:45
BP brings deep reservoir oil well online at ACG
04 November, 2026 / 15:35
Sangachal terminal exports 138 million barrels of oil and condensate
04 November, 2026 / 14:45
Sahil Babayev: SOCAR could fund gas network expansion in Azerbaijan
04 November, 2026 / 14:37
Documentary 'Crude & Ink: Stories Written in Oil' premieres in Baku
04 November, 2026 / 13:48
Shah Deniz produced 20 bcm of gas in nine months
04 November, 2026 / 13:00
BP announces Azerbaijan's ACG oil production figures for 2026
04 November, 2026 / 12:21
High global oil prices shouldn't fuel expectations of extra budget spending, MP says
04 November, 2026 / 12:10
Azeri Light crude drops to $113.45 per barrel
04 November, 2026 / 09:12
SOCAR, KazMunayGas mull increasing transit of Kazakh oil through Azerbaijan
03 November, 2026 / 17:04
Azeri Light crude sells for $116.5 per barrel
03 November, 2026 / 11:27