Azeri Light oil rises to $70.54 per barrel on global market

The price of one barrel of Azerbaijan's Azeri Light crude oil has increased by $0.80, or 1.15%, reaching $70.54 on the global market, Report informs, citing sources in the oil industry.

According to trading results, Brent crude oil futures for October settled at $68.91 per barrel.

At Türkiye's Ceyhan port, the FOB price of one barrel of Azeri Light rose by $0.82, or 1.2%, to $68.24.

In Azerbaijan's 2025 state budget, the average price per barrel of oil is set at $70.