Price of Azerbaijani oil reaches almost $69

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $2.53, or 3.82%, to $68.82 per barrel, Report informs.

August futures for Brent crude were traded at $66.83 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 $2.52 or 3.87%, amounting to $66.61.

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.