Baku 2° C
Azerbaijani oil price drops below $70
Energy
- 20 September, 2025
- 11:16
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.72, or 1.02%, to $69.53 per barrel, Report informs.
November futures for Brent crude were traded at $66.95 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 $0.72 or 1.05%, amounting to $67.99.
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
10:43
SOCAR begins supplying Azerbaijani gas to Austria and Germany
Energy10:35
South Korea court sentences ex-President Yoon to 5 years in prison for obstruction
Other countries10:24
Bual Moninder Singh: India's religious communities live in constant anxiety about their future
Domestic policy10:21
Abbasov: Today's conference to highlight massacres, atrocities faced by Sikhs
Foreign policy10:11
Energy pivot: Kazakhstan finds alternative routes for oil exports
Energy10:10
Türkiye to explore hydrocarbon potential at 4,500-meter depth in Black Sea
Region10:03
Azeri Light crude drops to $69.29 per barrel
Energy09:58
Kazakhstan plans to increase oil supplies via BTC pipeline to 1.6B tons in 2026
Energy09:47
Photo