Price of Azerbaijani oil continues to drop

Agshin Rafigoglu
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.02, or 1.27%, to $79.48 per barrel, Report informs.

March futures for Brent crude were traded at $77.30 per barrel.

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

Azeri Light oil price falls to $116 per barrel 17 October, 2026 / 12:23
Uzbekistan plans to build two more nuclear power plants 16 October, 2026 / 21:45
Shavkat Mirziyoyev discusses energy projects with SOCAR and BP 16 October, 2026 / 21:13
Mirziyoyev: SOCAR, BP conducting exploration work on six blocks in Ustyurt 16 October, 2026 / 15:37
Azerbaijan reveals oil and gas production volumes for nine months 16 October, 2026 / 13:47
Azerbaijan transports 29.7 bcm of gas through main pipelines in January-September 16 October, 2026 / 13:27
Value of Azerbaijan's petroleum products output exceeds 4.6B manats 16 October, 2026 / 13:02
Azerbaijan's crude oil supplies to Vietnam exceed 1M tonnes 16 October, 2026 / 12:44
Azeri Light crude falls over $5 per barrel 16 October, 2026 / 10:29
SLB, BP ink deal for seismic data processing at Karabakh field in Caspian Sea 16 October, 2026 / 10:02
Brent crude falls to $105.3 per barrel 16 October, 2026 / 09:52
Azerbaijan's oil production approached 20M tons in 9 months 15 October, 2026 / 12:46
Kazakhstan, Azerbaijan plan to boost Kazakh oil transit via BTC, Tokayev says 15 October, 2026 / 12:46
Azerbaijan and Sri Lanka discuss energy cooperation 15 October, 2026 / 12:01
Azerbaijan's natural gas output reached almost 38 bcm in nine months 15 October, 2026 / 10:55
Azeri Light crude drops to $124.14 per barrel 15 October, 2026 / 10:14
Azerbaijan's Energy Ministry has appointed 115 energy managers nationwide to date 14 October, 2026 / 16:14
Uzbekistan adopts Azerbaijan's experience in energy sector 14 October, 2026 / 14:18
IEA: Azerbaijan fell 110,000 b/d short of OPEC+ quota in September 14 October, 2026 / 13:51
Minister: Azerbaijan carries out reforms to foster competition in energy sector 14 October, 2026 / 11:38