Modern.az

Baku oil is approaching 110 dollars

Baku oil is approaching 110 dollars

Economy

17 March 2026, 09:50

The price of 1 barrel of Azerbaijani "Azeri Light" crude oil increased by 0.09 US dollars.

Modern.az reports that, in the world market, the price of 1 barrel of Azerbaijani "Azeri Light" crude oil increased by 0.09 US dollars or 0.08 % to 109.19 US dollars.

In Azerbaijan's state budget for this year, the average price of one barrel of oil was calculated at 65 US dollars.

It should be recalled that the lowest price of "Azeri Light" crude oil was recorded on April 21, 2020 (15.81 US dollars), while its maximum price was recorded in July 2008 (149.66 US dollars). 

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