Azeri Light oil price falls by over 1% on global markets
Energy
- 16 December, 2025
- 10:00
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri Light crude oil on the world market decreased by $0.7, or 1.09%, settling at $63.73 per barrel, a source in the oil market told Report.
According to trading results, February futures for Brent crude were priced at $61.4 per barrel.
At Türkiye's Ceyhan port, the FOB price of a barrel of Azeri Light oil declined by $0.69, or 1.11%, to $61.67.
Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.
Latest News
10:49
Azerbaijan proposes joint development of renewable energy with Laos
Energy
10:46
Azerbaijani business delegation plans visit to Vietnam in 2027
Business
10:44
Laos proposes establishing joint business council with Azerbaijan
Business
10:42
Laos invites Azerbaijani businesses to its special economic zones on preferential terms
Business
10:38
Photo
Baku hosting 3rd National Competition Forum
Business
10:37
Laos proposes connecting Azerbaijani ports to Southeast Asian markets
Infrastructure
10:36
Laos and Azerbaijan negotiating bilateral investment agreement
Business
10:33
Azerbaijan invites Lao companies to participate in investment projects
Business
10:27
Hafiz Pashayev: ADA University places special emphasis on engineering disciplines
Education and science