Azeri Light oil price falls by over 1% on global markets

Agshin Rafigoglu
Author

The price of Azerbaijan's Azeri Light crude oil on the world market decreased by $0.7, or 1.09%, settling at $63.73 per barrel, a source in the oil market told Report.

According to trading results, February futures for Brent crude were priced at $61.4 per barrel.

At Türkiye's Ceyhan port, the FOB price of a barrel of Azeri Light oil declined by $0.69, or 1.11%, to $61.67.

Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.

Other News

First batch of Azerbaijan's petroleum products shipped to Armenia 18 December, 2025 / 14:02
Azerbaijan's Energy Ministry holds Board Meeting 18 December, 2025 / 13:02
BP announces appointment of Meg O'Neill as new CEO 18 December, 2025 / 10:40
Azerbaijani oil price in global market surpasses $63 18 December, 2025 / 10:18
Azerbaijan and Oman mull energy cooperation opportunities 17 December, 2025 / 16:09
SOCAR, BEOC ink memorandum of co-op on Bahar, Gum-Deniz fields 17 December, 2025 / 13:22
SOCAR and MOL Group sign agreement on Shamakhi–Gobustan area 17 December, 2025 / 13:09
Oil prices rise over 1% amid supply disruptions from Venezuela 17 December, 2025 / 10:56
SOCAR, ENOC Group discuss cooperation in energy sector 17 December, 2025 / 10:17
Azeri Light crude drops to $62.45 per barrel 17 December, 2025 / 10:07
Azerbaijan nearly quadruples bitumen exports 16 December, 2025 / 18:23
Azerbaijan reveals revenues from 11-month methanol exports 16 December, 2025 / 14:43
Brent crude falls below $60 per barrel for first time since May 16 December, 2025 / 13:36
Minister: SOCAR exploring investment opportunities in construction of oil pipeline in Pakistan 16 December, 2025 / 13:09
Azerbaijan increases oil product exports by almost 30% 16 December, 2025 / 12:37
Azerbaijan exports over 22M tons of crude oil in January–November 16 December, 2025 / 12:15
Azerbaijan exports over 22.8 bcm of natural gas in January–November 16 December, 2025 / 11:53
Azerbaijan doubles wind power output 16 December, 2025 / 11:42
BP and ADA University celebrate successful completion of major social initiative 15 December, 2025 / 16:15
Azerbaijan launches large-scale battery storage systems for green energy 15 December, 2025 / 11:15