Baku 9° C
Price of Azerbaijani oil rises
Energy
- 15 April, 2025
- 09:47
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.96, or 1.44%, to $67.57 per barrel, Report informs.
June futures for Brent crude were traded at $66.85 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 grew by $0.88 or 1.35%, amounting to $65.71.
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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