Baku 19° 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
21:11
Azerbaijan, Latvia hold consular consultations in Riga
Foreign policy
20:50
US, Iran make concessions toward interim peace deal
Other countries
20:22
Azerbaijani brothers win honors at international mental arithmetic olympiad
Individual sports
20:01
Baku land prices rise 17.9% on average in October
Infrastructure
19:39
Pashinyan: Armenia–Azerbaijan peace opens new opportunities for South Caucasus
Foreign policy
19:12
Armenia could apply for EU membership next year, Pashinyan says
Region
18:51
Ilham Aliyev sends congratulations to Bulgaria's president-elect
Foreign policy
18:43
US Assistant Secretary Paul Kapur visits Turkmenistan
Other countries
18:13
Norway allocates $107.6 million for investment in Ukraine
Other countries