Baku 23° C
Azeri Light crude rises to $87.90 per barrel in global markets
Energy
- 06 March, 2026
- 10:12
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri Light crude oil increased significantly on global markets, reaching $87.90 per barrel, according to a source in the oil market, Report informs.
The price rose by $5.61, or 6.82%, compared with the previous session.
Meanwhile, the price of May futures for Brent crude was recorded at $87.71 per barrel following the results of trading.
At the Turkish Ceyhan port, the price of Azeri Light crude on an FOB basis also increased. One barrel of the Azerbaijani oil rose by $5.34, or 6.82%, to $83.69.
In Azerbaijan's state budget for this year, the average price of oil has been calculated at $65 per barrel.
Author
Latest News
17:54
Vallourec to supply over 16,000 tonnes of pipes for Azerbaijan's Absheron gas field
Energy
17:53
Iran's interior minister thanks Ilham Aliyev for humanitarian aid
Foreign policy
17:50
Azerbaijani MPs highlight equality, secularism in school uniform debate
Education and science
17:36
CAMFEBA president: Azerbaijan and Cambodia can open new markets together
Infrastructure
17:35
Photo
President Ilham Aliyev receives Iranian Interior Minister
Foreign policy
17:22
Yellow wind warning issued for Baku and several Azerbaijani regions
Ecology
17:14
ITA: Over 20 Italian companies to participate in BakuBuild 2026
Economy
17:13
Photo
Czech transport minister visits Baku Railway Station
Infrastructure
17:09
Video
Sites of Memory of Western Azerbaijan: History of Boyuk Mazra
Domestic policy