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Price of Azerbaijani oil in global market keeps ramping up
Energy
- 17 March, 2026
- 09:56
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The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.09, or 0.08%, to $109.19 per barrel, Report informs.
May futures for Brent crude were traded at $103.7 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 $0.07 or 0.06%, amounting to $105.31.
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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