Baku 25° C
Azeri Light crude surpasses $63 per barrel
Energy
- 23 October, 2025
- 09:53
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.05, or 1.68%, to $63.45 per barrel, Report informs.
December futures for Brent crude were traded at $62.21 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 rose by $1.07 or 1.77%, amounting to $61.51.
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.
Author
Latest News
00:52
108 years passed since Baku's liberation from Armenian‑Bolshevik occupation
Domestic policy00:01
Azerbaijan marks Knowledge Day as new academic year begins
Education and science23:58
European Parliament plans to open office in Canada, Metsola says
Other countries23:54
EU plans new social media access rules for children under 15
Other countries23:20
Türkiye detains 1,613 suspects in organized crime operations
Region23:01
US maintains direct contacts with Houthis, Vance says
Other countries22:14
Benjamin Netanyahu to visit New York on September 23
Other countries22:06
Photo
Azerbaijan wins three bronze medals at savate world championship
Individual sports21:42