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Azerbaijani oil price falls below $74
Energy
- 14 March, 2025
- 10:23
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.81, or 1.09%, to $73.21 per barrel, Report informs.
May futures for Brent crude were traded at $71.39 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 $0.84 or 1.15%, amounting to $71.90.
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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