Baku 23° C
Azerbaijani oil price in global market exceeds $86
Energy
- 04 March, 2026
- 10:04
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $6.56, or 8.2%, to $86.16 per barrel, Report informs.
May futures for Brent crude were traded at $84.87 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 rose by $6.14 or 8%, amounting to $82.93.
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.
Author
Latest News
17:51
Nakhchivan's foreign trade turnover up over 67%
Business
17:48
Ukrainian MP thanks Azerbaijani President for humanitarian aid
Other countries
17:44
Shavkat Mirziyoyev to arrive in Azerbaijan tomorrow
Foreign policy
17:44
Azerbaijani MPs voice concern over recent statements in Türkiye
Milli Majlis
17:39
ECO transport ministers to gather in Astana to approve long-term strategy
Infrastructure
17:34
US Embassy congratulates Azerbaijan's judokas on World Championship success
Individual sports
17:29
Azerbaijan's gasoline and diesel retail sales rise 4% in January-September
Energy
17:26
Baku urges citizens to avoid dangerous Black Sea routes after ship attack
Foreign policy
17:25
Sadyr Japarov to visit Azerbaijan on October 14
Foreign policy