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Azerbaijani oil price falls below $70
Energy
- 05 April, 2025
- 10:56
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $3.84, or 5.22%, to $69.64 per barrel, Report informs.
June futures for Brent crude were traded at $67.9 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 $3.79 or 5.28%, amounting to $68.02.
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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