Baku 1° C
Price of Azerbaijani oil falls by 2%
Energy
- 05 June, 2025
- 10:30
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.4, or 2%, to $68.47 per barrel, Report informs.
August futures for Brent crude were traded at $66.52 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 $1.43 or 2.08%, amounting to $67.13.
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.
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