Baku 10° C
Azeri Light crude drops to $68.92 per barrel
Energy
- 18 February, 2026
- 12:14
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.44, or 2.05%, to $68.92 per barrel, Report informs.
April futures for Brent crude were traded at $69.74 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 $1.49 or 2.2%, amounting to $66.28.
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
Baku 9° C
Latest News
00:35
President Ilham Aliyev shared post on social media accounts regarding the inaugural meeting of Board of Peace
Foreign policy00:16
Photo
President Ilham Aliyev attended inaugural meeting of Board of Peace in Washington
Foreign policy00:12
Provocative actions against Azerbaijan's leadership prevented in Washington.
Foreign policy23:01
Hikmat Hajiyev: Azerbaijan's participation in Board of Peace financial project on Gaza not envisaged
Foreign policy21:06
Donald Trump signs final resolution of inaugural Board of Peace meeting
Foreign policy21:00
Türkiye expresses readiness to deploy troops to Gaza within stabilization forces
Foreign policy20:46
Trump: Several countries expressed readiness to send troops to Gaza
Other countries20:40
Turkish FM: Erdogan is committed to resolving Gaza conflict
Foreign policy20:21