Azeri Light crude drops to $69.30 per barrel on global market

The price of one barrel of Azerbaijan’s Azeri Light crude oil decreased by $0.43, or 0.62%, to $69.30 on the global market, according to sources, Report informs.

As per trading results, the price of Brent crude oil futures for October delivery stood at $67.44 per barrel.

At Türkiye’s Ceyhan port, the FOB price for a barrel of Azeri Light oil also fell by $0.40, or 0.59%, to $67.76.

For 2025, Azerbaijan’s state budget is based on an average oil price of $70 per barrel.