Baku 4° C
Price of Azerbaijani oil drops by over 1%
Energy
- 10 October, 2025
- 09:48
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.83, or 1.18%, to $69.25 per barrel, Report informs.
December futures for Brent crude were traded at $67.66 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 $0.82 or 1.2%, amounting to $67.62.
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.
Author
Latest News
00:14
Photo
President of Azerbaijan Ilham Aliyev interviewed by local TV channels
Domestic policy00:08
President Ilham Aliyev: Every time our flag was raised in a village or city, Azerbaijan for me was that land
Military23:57
Washington not at war with Venezuela, US envoy tells UN
Other countries23:55
Azerbaijani President: Governance model applied in Garabagh and East Zangezur can perhaps be applied to the entire country
Domestic policy23:52
UN chief Guterres raises concerns about instability in Venezuela, legality of US operation
Other countries23:49
President: Azerbaijan can be considered one of the safest on a global scale
Tourism23:44
Israeli PM says he shares common position with Trump on Iran
Other countries23:42
President: If we want to develop science, we must not only employ researchers, but also undertake reforms
Education and science23:39