Modern.az

Azerbaijani oil price has slightly DECREASED

Azerbaijani oil price has slightly DECREASED

Economy

18 March 2026, 09:30

The price of 1 barrel of Azerbaijani "Azeri Light" crude oil decreased by 1.03 US dollars or 0.94%.

Modern.az reports that the price of 1 barrel of Azerbaijani "Azeri Light" crude oil in the world market decreased by 1.03 US dollars or 0.94% to 108.16 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), and its maximum price was recorded in July 2008 (149.66 US dollars). 

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