Baku 17° C
Azerbaijani oil price continues rising
Energy
- 01 January, 2026
- 14:31
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.04, or 0.01%, to $65.71 per barrel, Report informs.
February futures for Brent crude were traded at $62.56 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 $0.26 or 0.41%, amounting to $63.92.
The average oil price in Azerbaijan's state budget for 2026 is 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.
Author
Latest News
15:57
Ammar Bakhshaliyev wins bronze at Trampoline Gymnastics World Championships - Update
Individual sports
15:49
Azerbaijan participates in NATO Charity Bazaar
Foreign policy
15:33
Brazil expands trade with China following US tariffs
Other countries
15:12
Baghaei: Iran, US not discussing uranium enrichment limits
Region
14:52
Japan to unveil new AI defense strategy
Other countries
14:37
Heavy rain and strong winds expected in Azerbaijan tomorrow
Ecology
14:18
MFA: Iran maintains close contact with Russia and China
Region
14:07
Hamas' Rafah Brigade commander killed
Other countries
13:34
Iran expects no change in cooperation with IAEA
Region