Baku 4° C
Azerbaijani oil price nears $74
Energy
- 08 March, 2025
- 13:05
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.89, or 2.63%, to $73.85 per barrel, Report informs.
May futures for Brent crude were traded at $72.07 per barrel.
The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port decreased by $1.87 or 2.65% to $72.58.
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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