Baku 10° C
Azeri Light crude prices drop on global and regional markets
Energy
- 09 December, 2025
- 10:23
The price of one barrel of Azerbaijan's Azeri Light crude fell by $0.95, or 1.42%, reaching $66 on the global market, Report informs, citing a source in the oil sector.
February futures for Brent crude settled at $63.77 at the end of trading.
In Türkiye's Ceyhan port, the FOB price for a barrel of Azeri Light decreased by $0.98, or 1.51%, to $64.07.
Despite these declines, Azerbaijan's state budget for the year is based on an oil price of $70 per barrel.
Author
Latest News
17:46
Rheinmetall secures €200M NATO order under 120mm tank ammunition framework agreement
Other countries17:46
Papikyan, acting US ambassador discuss defense cooperation
Region17:40
Ilham Aliyev invites Nechirvan Barzani to visit Azerbaijan
Foreign policy17:11
Photo
President Ilham Aliyev meets with President of Kurdistan Region of Iraq in Munich
Foreign policy17:05
Kyiv, Berlin to open 10 joint ventures producing drones by end of 2026
Other countries16:54
Reuters: India's Reliance wins US license for Venezuelan oil
Region16:51
First meeting of CICA Women's Council to be held in Baku in April
Foreign policy16:49
Georgian Railways: No talks planned to resume rail links with Russia
Region16:41
Photo