The Azerbaijan State News Agency

ECONOMY

Azerbaijani oil price exceeds $118

Azerbaijani oil price exceeds $118

Baku, May 19, AZERTAC

The price of Azeri Light crude oil increased by $1.75, or 1.5 percent, to settle at $118.16 per barrel on Tuesday.

The all-time low for Azeri Light was $15.81 per barrel on April 21, 2020, while the record high stood at $149.66 per barrel in July 2008.

Share news on social media

Follow us on social network

Other news in this section

UN-Habitat: The key goal is to achieve housing accessibility
  • 19.05.2026 [12:16]

UN-Habitat: The key goal is to achieve housing accessibility

WUF13: Environmental and transportation infrastructure to be upgraded in Baku White City Project
  • 19.05.2026 [12:09]

WUF13: Environmental and transportation infrastructure to be upgraded in Baku White City Project

Azerbaijan and Georgia agree on resumption of passenger train services on Baku–Tbilisi–Baku route
  • 19.05.2026 [11:58]

Azerbaijan and Georgia agree on resumption of passenger train services on Baku–Tbilisi–Baku route

Final acceptance protocol on completion of BTK’s modernization approved
  • 19.05.2026 [01:36]

Final acceptance protocol on completion of BTK’s modernization approved

Anacláudia Rossbach: We hope settlements to be suitable for both people and nature
  • 18.05.2026 [20:44]

Anacláudia Rossbach: We hope settlements to be suitable for both people and nature

Mexican Pavilion opened at WUF13
  • 18.05.2026 [19:51]

Mexican Pavilion opened at WUF13

® Bolt hosts First Azerbaijan Safety Conference in Baku as part of WUF 2026
  • 18.05.2026 [19:48]

® Bolt hosts First Azerbaijan Safety Conference in Baku as part of WUF 2026

Azerbaijan, Türkiye sign Cooperation Agreement on Energy Efficiency in Buildings
  • 18.05.2026 [17:57]

Azerbaijan, Türkiye sign Cooperation Agreement on Energy Efficiency in Buildings

Anar Guliyev: Hosting WUF13 is a great honor and responsibility for Azerbaijan
  • 18.05.2026 [17:28]

Anar Guliyev: Hosting WUF13 is a great honor and responsibility for Azerbaijan

Yves-Laurent Sapoval: Fifty percent of the world’s assets are concentrated in real estate

  • [12:31]

Joshua Forte: Full involvement of young people in processes is essential for a developed future

  • [12:24]

Baku's sustainable city model discussed at WUF13

  • [12:23]

Special Representative of President in Shusha: Currently, a total of 27 monuments have been restored in Shusha

  • [12:23]

UN-Habitat: The key goal is to achieve housing accessibility

  • [12:16]

WUF13: Environmental and transportation infrastructure to be upgraded in Baku White City Project

  • [12:09]

Sabina Aliyeva: Ensuring the equal participation of persons with disabilities in society is only possible through the creation of an accessible environment

  • [12:01]

Top stories update

  • [12:00]

Azerbaijan and Georgia agree on resumption of passenger train services on Baku–Tbilisi–Baku route

  • [11:58]

International training on “Inclusive Cities and Independent Living for Persons with Disabilities” kicks off as part WUF13

  • [11:50]

President of Mauritius: Cooperation agreement with ‘ASAN Khidmet’ is a priority

  • [11:34]

Special Representative of President: Demining operations in the city of Khankendi as well as Aghdara and Khojaly districts were one of the most difficult processes

  • [11:32]

Azerbaijani oil price exceeds $118

  • [11:16]

WTO chief warns global trading system faces largest disruptions in 80 years

  • [11:14]

Aydin Karimov: Since 2024, a total of 1,411 residents, comprising 377 families, have been relocated to Shusha

  • [11:07]

Official opening ceremony, Leaders’ Statements, press conference and Urban Expo debut mark start of WUF13

  • [11:02]

Sofia ready and eager to host Eurovision Song Contest 2027, Sofia Mayor says

  • [10:58]

Your body may be cancelling out your workout, study finds

  • [10:53]

Instant AI answers can trivialise human intelligence, warns Royal Observatory

  • [10:26]

Prince William to sell parts of royal estate to reinvest in local communities

  • [10:25]

WUF13 highlights women`s role in decision-making processes

  • [10:24]

Saudi Arabia braces for extreme heat and dusty winds during Hajj

  • [10:23]

Video highlighting opening ceremony of WUF13 shared on President Ilham Aliyev’s social media accounts VIDEO

  • [09:21]

President: What is happening now in the Middle East, to a certain degree, influences everybody

  • [08:46]

Azerbaijani President: The number of requests for us to start cooperation is growing

  • [08:44]

President Ilham Aliyev: We have so far elaborated a unique experience in building cities and villages from scratch

  • [08:42]

President Ilham Aliyev was interviewed by Euronews TV VIDEO

  • [08:40]

Final acceptance protocol on completion of BTK’s modernization approved

  • [01:36]

Azerbaijan pavilion opens to visitors at WUF13 Urban Expo

  • [00:49]

Official reception held in honor of heads of state and delegations participating in WUF13 VIDEO

  • 18.05.2026 [23:59]

Uzbek representative: We successfully cooperate with Azerbaijan in urban planning

  • 18.05.2026 [22:03]

Baku features Leaders’ Statements at WUF13

  • 18.05.2026 [21:51]

India pavilion opens as part of WUF13

  • 18.05.2026 [21:20]

Syrian and Rwandan participants of WUF13 visit ASAN Khidmet center

  • 18.05.2026 [21:00]

Tomáš Taraba: Slovakia strongly supports UN-Habitat's sustainable urban resilience initiative for the next generation

  • 18.05.2026 [20:54]

Global media continues to focus on WUF13 in Baku

  • 18.05.2026 [20:45]

Anacláudia Rossbach: We hope settlements to be suitable for both people and nature

  • 18.05.2026 [20:44]

Expert: Reconstruction of territories such as Garabagh presents a rare opportunity to rethink very structure of urbanism

  • 18.05.2026 [20:43]

Vice Premier of Chinese State Council calls for joint efforts to eliminate threats of urbanization

  • 18.05.2026 [20:43]

Maka Botchorishvili: WUF13 is organized at an excellent level

  • 18.05.2026 [20:43]

Head of Government of Mexico City: We wish to contribute to global urban discussions at WUF13

  • 18.05.2026 [20:39]

Oleksii Kuleba: We enjoy very productive cooperation with Azerbaijan

  • 18.05.2026 [20:34]

Deryageldi Orazov: Today, cities are key centers of the rapidly evolving global economy

  • 18.05.2026 [20:32]

Irakli Kobakhidze: The documents signed between Azerbaijan and Georgia are of significant importance

  • 18.05.2026 [20:23]

MINURVI session of Latin America and Caribbean Ministerial Forum held as part of WUF13

  • 18.05.2026 [20:20]

Kazakh officials tour “Urban Expo” as part of WUF13

  • 18.05.2026 [20:16]

Video about Azerbaijan screened at WUF13 opening ceremony shared on President Ilham Aliyev’s social media accounts VIDEO

  • 18.05.2026 [20:15]

Baku hosted opening ceremony of the 13th Session of the World Urban Forum
President Ilham Aliyev addressed the event VIDEO

  • 18.05.2026 [20:07]

Top stories update          

  • 18.05.2026 [20:00]

Maryam Nawaz Sharif: Baku is a manifestation of transformation and evolution

  • 18.05.2026 [19:59]

President of Mauritius: WUF13 is also a valuable opportunity for sharing experiences

  • 18.05.2026 [19:58]

Mexican Pavilion opened at WUF13

  • 18.05.2026 [19:51]

Emin Agalarov: Winning projects from green startup contest will be implemented at Sea Breeze

  • 18.05.2026 [19:50]

® Bolt hosts First Azerbaijan Safety Conference in Baku as part of WUF 2026

  • 18.05.2026 [19:48]

Emin Agalarov: Sea Breeze has become one of brightest examples of modern urban development

  • 18.05.2026 [19:35]

Olzhas Bektenov: Creating comfortable living and working conditions constitutes core line of state policy in Kazakhstan

  • 18.05.2026 [19:30]

Aktoty Raimkulova: Urbanization undoubtedly brings development and modernization

  • 18.05.2026 [19:27]

Saudi Arabian Minister praises Azerbaijan’s urban development progress

  • 18.05.2026 [19:24]

Ukraine`s Deputy PM: It is important for us to hold WUF13 discussions in Baku

  • 18.05.2026 [19:23]

Georgian Prime Minister hails Baku-hosted WUF13 an important platform

  • 18.05.2026 [19:16]

President of Libya's Presidential Council: Baku blends tradition and modernity beautifully

  • 18.05.2026 [19:14]

Vice President of Zimbabwe: We were warmly welcomed in the beautiful and historic city of Baku

  • 18.05.2026 [19:10]

Development of sustainable and resilient cities defined as one of key themes of COP31, says Turkish minister

  • 18.05.2026 [18:51]

Belarusian Assembly Chairman: WUF13’s theme is one of the key priorities of today’s world

  • 18.05.2026 [18:47]

World Organisation for Animal Health: Azerbaijan makes presentation as Vice-President at European Regional Commission meeting

  • 18.05.2026 [18:37]

Turkish officials tour “Urban Expo” as part of WUF13

  • 18.05.2026 [18:36]

WUF13 participants visit ASAN Khidmet center

  • 18.05.2026 [18:36]

President Ilham Aliyev met with President of Uzbekistan Shavkat Mirziyoyev VIDEO

  • 18.05.2026 [18:30]

President of Kenya: UN reforms are essential for its continued existence

  • 18.05.2026 [18:27]

Türkiye presents “Azerbaijan neighborhood” reconstruction project at WUF13

  • 18.05.2026 [18:12]

Murat Kurum: We are determined to further strengthen relations with Azerbaijan

  • 18.05.2026 [18:12]

Task on seizing a vessel successfully accomplished in “EFES-2026” exercise

  • 18.05.2026 [18:03]

Azerbaijan, Türkiye sign Cooperation Agreement on Energy Efficiency in Buildings

  • 18.05.2026 [17:57]

Nearly 24,000 passengers transported as part of WUF13

  • 18.05.2026 [17:56]

Irakli Kobakhidze: I thank Azerbaijan for the excellent organization of WUF13

  • 18.05.2026 [17:55]
Polish expert: WUF13 strengthens global urban planning dialogue VIDEO

Polish expert: WUF13 strengthens global urban planning dialogue VIDEO

Turkic Culture and Heritage Foundation presents architectural heritage of traditional Turkic houses at WUF13

  • 18.05.2026 [17:46]

President Ilham Aliyev received Vice Premier of the State Council of China VIDEO

  • 18.05.2026 [17:42]

Nga Kor Ming: The theme of WUF13 is a call to action that guides us to take real steps

  • 18.05.2026 [17:29]

Anar Guliyev: Hosting WUF13 is a great honor and responsibility for Azerbaijan

  • 18.05.2026 [17:28]

Sadyr Zhaparov: WUF13 is a unique platform for discussing urbanization and housing accessibility

  • 18.05.2026 [17:28]

Baku-hosted WUF13 features panel session on Climate and Housing Resilience from Gender Perspective

  • 18.05.2026 [17:28]

Iliana Iotova: President Ilham Aliyev has turned Baku into a place where everyone speaks about the future

  • 18.05.2026 [17:12]
Zambian representative: Azerbaijan’s “Smart Village” concept is impressive VIDEO

Zambian representative: Azerbaijan’s “Smart Village” concept is impressive VIDEO

Azerbaijan retains top position supplying vegetables to Russia

  • 18.05.2026 [16:57]

Aleksandar Vučić: Ilham Aliyev’s dedication to his people is the guarantee of Baku’s incredible progress

  • 18.05.2026 [16:56]

Shavkat Mirziyoyev expresses gratitude to President Ilham Aliyev for the flawless organization of WUF13

  • 18.05.2026 [16:51]
WHO representative: Sustainable urban planning is essential for health and well-being VIDEO

WHO representative: Sustainable urban planning is essential for health and well-being VIDEO

WUF13 participant: Sustainable urban development requires efficient land use VIDEO

WUF13 participant: Sustainable urban development requires efficient land use VIDEO

Anacláudia Rossbach: To date, no session of this nature has brought together as broad and diverse global audience as WUF13

  • 18.05.2026 [16:24]

Minister of Defense presents families of Azerbaijan National Heroes with medals

  • 18.05.2026 [16:24]

Azerbaijan’s PM holds several meetings as part of opening ceremony of WUF13

  • 18.05.2026 [16:23]

WUF13 features international conference on inclusive anti-doping approaches for female athletes

  • 18.05.2026 [16:22]
President Ilham Aliyev met with Prime Minister of Georgia VIDEO

President Ilham Aliyev met with Prime Minister of Georgia VIDEO

® Baku hosts symposium “Emergency allergology and acute toxico-allergic conditions: Modern approaches to diagnostics and treatment”

  • 18.05.2026 [15:52]

Pakistan unveils its largest riverside urban project at WUF13

  • 18.05.2026 [15:41]

Nga Kor Ming: I am inspired by an Azerbaijani proverb that expresses the essence of our work

  • 18.05.2026 [15:37]

Baku Engineering University joins WUF13 with innovative concept projects

  • 18.05.2026 [15:36]

Azerbaijan’s Education Minister joins Education World Forum in London

  • 18.05.2026 [15:30]
Sana Ullah Rattor: Pakistan is severely affected by climate change VİDEO

Sana Ullah Rattor: Pakistan is severely affected by climate change VİDEO