Azeri Light oil price rises slightly on global markets

The price of one barrel of Azerbaijan's Azeri Light crude rose by $0.25 or 0.36%, reaching $69.73 on the global market, according to sources in the oil market, Report informs.

Meanwhile, October futures for Brent crude were priced at $68.23 per barrel based on the latest trading results.

At Türkiye’s Ceyhan port, the FOB (Free On Board) price for a barrel of Azeri Light oil increased by $0.22 or 0.32%, amounting to $68.16.

Azerbaijan's state budget for this year assumes an average price of $70 per barrel of oil.