Baku 2° C
Azerbaijani oil price down by $1
Energy
- 11 March, 2025
- 09:49
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.03, or 1.43%, to $71.04 per barrel, Report informs.
May futures for Brent crude were traded at $71.04 per barrel.
The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port decreased by $0.99 or 1.36% to $71.59.
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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