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Azeri Light crude drops to $69.29 per barrel
Energy
- 16 January, 2026
- 10:03
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $2.42, or 3.37%, to $69.29 per barrel, Report informs.
March futures for Brent crude were traded at $66.31 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 $2.54 or 3.65%, amounting to $66.99.
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.
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