Baku 31° C
Azerbaijani oil prices fall slightly
Energy
- 21 February, 2026
- 10:08
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.58, or 0.8%, to $72.2 per barrel, Report informs.
April futures for Brent crude were traded at $72.16 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 fell by $0.58 or 0.83%, amounting to $69.55.
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
17:53
Grono: Leaders of Azerbaijan and Armenia have opened way for lasting and irreversible peace
Foreign policy17:45
Unknown projectile strikes vessel off Oman's coast
Other countries17:20
Zelenskyy: US to supply Ukraine with Patriot interceptor missiles monthly
Other countries16:52
Nika Chitadze: Washington meeting key foundation for peace in South Caucasus
Foreign policy16:46
Washington agreements as foundation for new stage in US-Azerbaijan relations
Analytics16:14
Abbas Araghchi: Iran and Oman сlose to agreement on Strait of Hormuz
Other countries16:09
Bloomberg: Türkiye restricts passage of commercial ships into Black Sea
Region15:49
Tunnel under construction collapses in Türkiye, killing one, injuring another
Region15:30