Baku 9° C
Azeri Light crude drops to $64.8 per barrel
Energy
- 07 November, 2025
- 09:39
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.63, or 0.96%, to $64.8 per barrel, Report informs.
January futures for Brent crude were traded at $63.66 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 fell by $0.69 or 1.09%, amounting to $62.68.
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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