Baku 23° C
Azeri Light crude drops to $63.15 per barrel on world market
Energy
- 17 October, 2025
- 10:28
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of one barrel of Azeri Light crude oil has decreased by $1.11, or 1.73%, settling at $63.15 on the global market, according to sources in the oil industry, Report informs.
Meanwhile, Brent crude December futures were priced at $61.78 per barrel following trading results.
At Türkiye's Ceyhan port, the FOB price for a barrel of Azeri Light also dropped - down by $1.14, or 1.82%, to $61.41.
For comparison, Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
Author
Latest News
12:09
AzFina: Development of digital financial ecosystem entails new risks
Finance
11:59
Turkic states plan to establish common payment systems
Finance
11:56
President Ilham Aliyev: Political ties with Laos have been developing successfully for many years
Foreign policy
11:53
Presidents of Azerbaijan and Laos deliver press statements
Foreign policy
11:51
President Ilham Aliyev: I am confident that bilateral cooperation with Laos will further deepen
Foreign policy
11:50
Azerbaijani fintech companies to test products in Turkic states
Finance
11:43
Azerbaijani parliament ratifies memorandum with UN Climate Secretariat
Milli Majlis
11:42
Azerbaijan's CBA developing data and AI governance framework
Finance
11:40
Azerbaijan and Laos adopt Joint Statement and exchange documents
Foreign policy