Baku 21° C
Price of Azerbaijani oil nears $75
Energy
- 04 July, 2025
- 09:37
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.07 or 1.46%, to $74.68 per barrel, Report informs.
September futures for Brent crude were traded at $71.14 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 rose by $1.10 or 1.52%, amounting to $73.43.
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
10:37
Anglo Asian Mining more than doubles its copper production in 3Q26
Industry
10:37
Azerbaijani, Chinese FMs discuss regional security - UPDATED
Foreign policy
10:23
Photo
Azerbaijan, Italy hold search, rescue meeting in Baku
Military
10:22
Anglo Asian Mining increases silver production in Azerbaijan by nearly 30%
Industry
10:14
Azeri Light crude drops to $124.14 per barrel
Energy
09:49
U23 World Championships: Gunay Gurbanova reaches final, Ruslan Nurullayev wins bronze
Individual sports
09:44
Trade diversification essential for Caucasus, Central Asia growth, IMF says
Economy
09:41
Harmonization of customs rules essential for regional transport corridors, IMF official says
Economy
09:36
Azerbaijan's U23 minifootball team to face Slovakia today
Football