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Azerbaijani oil price in global market slightly down
Energy
- 04 March, 2025
- 11:52
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.03, or 0.04%, to $75.68 per barrel, Report informs.
April futures for Brent crude were traded at $73.92 per barrel.
The price of one barrel of Azerbaijani Azeri Light crude oil on an FOB basis at Türkiye's Ceyhan port decreased by $0.01 or 0.01% to $74.43.
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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