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Azerbaijani oil price up by over 9%
Energy
- 03 March, 2026
- 09:47
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The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $6.85, or 9.41%, to $79.6 per barrel, Report informs.
May futures for Brent crude were traded at $77.82 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 $6.69 or 9.54%, amounting to $76.79.
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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