Azeri Light crude rises to $72.43 per barrel on world market

Agshin Rafigoglu
Author

The price of one barrel of Azeri Light crude oil increased by $0.29, or 0.40%, reaching $72.43 on the global market, according to sources in the oil market cited by Report.

The price of Brent crude oil futures for November delivery settled at $70.54 per barrel following recent trading.

Meanwhile, at Türkiye's Ceyhan port, the FOB (Free on Board) price of Azeri Light rose by $0.29, or 0.41%, to $70.89 per barrel.

For reference, Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.

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