Azerbaijani oil price nears $68

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.35, or 2.03%, to $67.78 per barrel, according to Report.

July futures for Brent crude were traded at $65.51 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 rose by $1.38 or 2.11%, amounting to $66.53.

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.