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Azerbaijani oil price falls below $67
Energy
- 16 May, 2025
- 10:04
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.7, or 2.49%, to $66.65 per barrel, according to Report.
July futures for Brent crude were traded at $64.04 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 $1.65 or 2.46%, amounting to $65.4.
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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