Azerbaijani oil price up by over 9%

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.