Modern.az

Our oil is rapidly appreciating - Its price surpassed 105 dollars

Our oil is rapidly appreciating - Its price surpassed 105 dollars

Economy

13 March 2026, 09:36

In world markets, Azerbaijani oil of the "Azeri Light" (CIF) brand has become more expensive.

Modern.az reports that the price of Azerbaijani oil per barrel increased by 10.15 US dollars or 10.6%, reaching 105.58 US dollars.

It should be noted that the previous price of Azerbaijani oil was 95.43 US dollars.

It should be recalled that in Azerbaijan's state budget for this year, the average price of 1 barrel of Azerbaijani oil of the “Azeri Light” brand was calculated at 65 US dollars.

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