Baku 1° C
Azeri Light crude drops to $68.88 per barrel
Energy
- 20 January, 2026
- 09:54
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.66, or 2.4%, to $68.88 per barrel, Report informs.
March futures for Brent crude were traded at $67.31 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 $1.8 or 2.6%, amounting to $66.28.
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
20:48
Khachaturyan: Leaders of Armenia and Azerbaijan have chosen the path of peace and prosperity
Region20:36
Photo
Ilham Aliyev attends panel on 'Defining Eurasia's Economic Identity' in Davos
Foreign policy20:32
Vučić: We will have to do much together
Foreign policy20:12
Ilham Aliyev: Azerbaijan received request from Armenian side to allow transit from Armenia to Russia
Foreign policy20:06
Ilham Aliyev: Azerbaijan builds strong relations with numerous partners
Foreign policy20:01
President: Azerbaijan is an important part of the Eurasian region
Foreign policy19:57
Ilham Aliyev: Peace process between Azerbaijan and Armenia is a unique case
Foreign policy19:48
Ilham Aliyev: Azerbaijan and Armenia have closed the page of war
Foreign policy19:42