Baku 12° C
Azerbaijani oil price nears $74
Energy
- 27 September, 2025
- 11:00
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.33, or 1.84%, to $73.76 per barrel, Report informs.
November futures for Brent crude were traded at $71.93 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 $1.35 or 1.9%, amounting to $72.24.
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.
Author
Latest News
16:07
Subsidies for Azerbaijani universities expected to rise by over 5%
Finance16:04
About 70,000 hectares cleared of mines in liberated Azerbaijani lands
Karabakh15:50
Malaysia to push for two-term limit for prime ministers, further reforms
Other countries15:40
Azerbaijan's state debt reaches 19.5% of GDP as foreign liabilities decline
Finance15:22
Azerbaijan's mandatory state personal insurance costs to reach over 62M manats
Finance15:14
Azerbaijan to apply 3.3B manats in tax exemptions for business in 2025
Finance15:07
Payroll expenses in Azerbaijan to increase by over 5%
Finance15:04
Azerbaijan expects 12% decline in budget revenues from fines
Finance14:44