Azerbaijani oil price continues rising

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.