Baku 23° C
Azerbaijani oil price in global market surpasses $70
Energy
- 29 January, 2026
- 10:01
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 $1.06, or 1.53%, to $70.37 per barrel, Report informs.
March futures for Brent crude were traded at $70 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 $1.33 or 1.69%, amounting to $67.77.
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
19:41
IEA members to release more than 400 million barrels from strategic reserves
Other countries
19:22
ASAN service experience may be introduced in Iraq
Foreign policy
19:07
Photo
CIS social protection officials visit DOST Inclusive Development and Creativity Center
Social security
18:51
Lithuanian, Ukrainian firms sign deal on electronic warfare and drone components
Other countries
18:41
Video
Video from 7th CICA Summit posted on Azerbaijani president's social media
Foreign policy
18:26
Azerbaijan, Latvia discuss defense and defense industry cooperation
Foreign policy
18:01
Tokayev: Trans-Caspian Fiber-Optic Cable is project of international significance
Foreign policy
17:54
Photo
Baku hosts 7th CICA Summit, President Ilham Aliyev addresses the event - Updated
Foreign policy
17:52
Ilham Aliyev: Trans-Caspian fiber-optic cable strengthens ties with Central Asia
Foreign policy