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Price of Azerbaijani oil nears $83
Energy
- 20 June, 2025
- 10:10
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The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $3.41, or 4.3%, to $82.58 per barrel, Report informs.
August futures for Brent crude were traded at $80.44 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 went up by $3.41 or 4.38%, amounting to $81.2.
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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