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Azerbaijani oil price nears $79
Energy
- 12 February, 2025
- 06:26
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.11, or 1.42%, to $78.98 per barrel, Report informs.
April futures for Brent crude were traded at $77.03 per barrel.
The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port increased by $1.03 or 1.35% to $77.54.
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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