Price of Azerbaijani oil in global market falls to $68

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.5, or 2.15%, to $68.14 per barrel, Report informs.

June futures for Brent crude were traded at $66.68 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 $1.49 or 2.19%, amounting to $66.53.

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.