Price of Azerbaijani oil slightly falls

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.04, or 0.06%, to $71.71 per barrel, Report informs.

March futures for Brent crude were traded at $68.79 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 $0.09 or 0.13%, amounting to $69.53.

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.