Baku 26° C
Azeri Light crude drops to $68.92 per barrel
Energy
- 18 February, 2026
- 12:14
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.44, or 2.05%, to $68.92 per barrel, Report informs.
April futures for Brent crude were traded at $69.74 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 $1.49 or 2.2%, 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
20:56
Azerbaijani ambassador, Thessaly governor discuss cooperation prospects
Foreign policy20:47
Saudi Arabia, Azerbaijan see strong potential to expand trade and investment
Foreign policy20:37
Azerbaijan-China transit freight rises 8% to 272,600 tons
Foreign policy20:23
Azerbaijan, ICRC discuss missing persons and peace process
Foreign policy20:02
Deputy PM: Azerbaijan-China trade turnover rises 4.5% to $2.6 billion
Foreign policy19:57
Chinese ambassador expects record trade, investment with Azerbaijan
Foreign policy19:50
Photo
SOCAR, Karpowership discuss cooperation in international markets
Economy19:38
Azerbaijan, Serbia discuss strategic partnership and security
Foreign policy19:26
Photo