Price of Azerbaijani oil down

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.53, or 2.02%, to $74.06 per barrel, Report informs.

September futures for Brent crude were traded at $71.46 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 fell by $1.51 or 2.03%, amounting to $72.86.

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.