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Azerbaijani oil price rises above $67
Energy
- 24 May, 2025
- 10:26
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.07, or 1.6%, to $67.72 per barrel, Report informs.
July futures for Brent crude were traded at $65.58 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 $1.06 or 1.6%, amounting to $66.4.
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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