Price of Azerbaijani oil slightly decreases

Tunjay Turbandazada
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.5, or 0.68%, to $72.85 per barrel, Report informs.

August futures for Brent crude were traded at $69.17 per barrel.

The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port went down by $0.48 or 0.67%, amounting to $71.53.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.

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