Azeri Light oil price rises by 2% to $69.49 per barrel

Kanan Sadigov
Author

The price of one barrel of Azerbaijan's Azeri Light crude oil increased by $1.37, or 2%, reaching $69.49 on the global market, Report informs, citing sources in the oil market.

Meanwhile, based on the auction results, the price of Brent crude oil futures for November delivery stood at $67.74 per barrel.

At Türkiye's Ceyhan port, the FOB (Free On Board) price for one barrel of Azeri Light crude also rose by $1.34, or 2%, to $67.98.

In Azerbaijan"s state budget for this year, the average price for one barrel of oil is calculated at $70.

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