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Azerbaijani oil prices rise in global market
Energy
- 18 April, 2025
- 09:42
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.88, or 1.28%, to $69.34 per barrel, Report informs.
June futures for Brent crude were traded at $68.45 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 grew by $0.9 or 1.35%, amounting to $67.54.
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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