Baku 15° C
Azerbaijani oil price dips below $70
Energy
- 08 October, 2025
- 10:09
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.25, or 0.36%, to $69.87 per barrel, Report informs.
December futures for Brent crude were traded at $67.09 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 fell by $0.3 or 0.44%, amounting to $68.24.
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.
Author
Latest News
17:56
Photo
Minister Rashad Ismayilov, Turkish ambassador mull WUF13 preparations
Foreign policy17:52
Austria urges ADB to invest in Middle Corridor railway projects
Infrastructure17:52
Pashinyan thanks Ilham Aliyev for participation in EPC summit
Foreign policy17:48
BP to build pipeline bundle plant in Azerbaijan for Karabagh project
Energy17:45
Photo
Azerbaijan, Harvard University's Growth Lab mull cooperation on macroeconomic policy
Finance17:41
Croatian police find bodies of four migrants near Slovene border, aid 15 others
Other countries17:35
Canada insists on strict control mechanisms when attracting private investment through ADB
Finance17:28
Sahil Babayev names key factors for ADB's future activities
Finance17:18