Baku 22° C
Azerbaijani oil price in global market nears $95
Energy
- 07 March, 2026
- 10:00
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 $6.72, or 7.6%, to $94.62 per barrel, Report informs.
May futures for Brent crude were traded at $94.2 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 rose by $6.81 or 8.1%, amounting to $90.5.
The average oil price in Azerbaijan's state budget for 2026 was set at $65 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
13:02
Jasurbek Choriev: Transit times matter more than shipping costs for shippers using Middle Corridor
Infrastructure
12:55
Feasibility study of Black Sea Energy project to be presented in Baku
Infrastructure
12:52
Mirzoyan: TRIPP to simplify border crossings with Azerbaijan, Georgia, Iran
Region
12:49
Muradova: Technology significantly impacts family life, children's dev't
Domestic policy
12:46
EBRD: Middle Corridor should become full-fledged economic corridor
Infrastructure
12:42
Irakli Kobakhidze to visit Azerbaijan in late October – Exclusive
Foreign policy
12:37
Access to TikTok restricted in Azerbaijan's schools
Education and science
12:36
Samir Mammadov: Internet speed in Azerbaijan up sevenfold
ICT
12:31
Azerbaijan's Press Council warns about fake WhatsApp accounts posing as well-known journalists
Domestic policy