Baku 5° C
Azeri Light crude drops below $70 per barrel
Energy
- 04 September, 2025
- 09:44
The price of one barrel of Azerbaijan's Azeri Light crude oil has decreased by $1.37, or 1.92%, settling at $69.88, Report informs, citing sources in the oil market.
Based on trading results, the price of October futures for Brent crude oil stood at $67.71 per barrel.
At Türkiye's Ceyhan port, the price of a barrel of Azeri Light crude oil on a FOB (Free on Board) basis dropped by $1.36, or 1.95%, to $68.40.
For reference, Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.
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