Azeri Light oil price exceeds $68 per barrel

The price of Azerbaijan's Azeri Light crude oil on the global market increased by $1.71, or 2.57%, to $68.34 per barrel, a source in the oil market told Report.

According to trading results, the price of March futures for Brent crude stood at $68.27 per barrel.

At Türkiye's Ceyhan port, the FOB price of Azeri Light crude rose by $1.69, or 2.64%, to $65.76 per barrel.

Azerbaijan's state budget for this year is based on an average oil price of $65 per barrel.