Baku 21° C
Azeri Light crude surpasses $63 per barrel
Energy
- 23 October, 2025
- 09:53
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.05, or 1.68%, to $63.45 per barrel, Report informs.
December futures for Brent crude were traded at $62.21 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 $1.07 or 1.77%, amounting to $61.51.
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
14:16
Europe adopts 19th sanctions package against Russia, including LNG import ban
Other countries14:13
Rusif Huseynov: Armen Grigoryan outlined Yerevan's position on peace agenda with Baku
Foreign policy14:11
Belgium sets out key demands for use of Russian assets to fund Ukraine
Other countries13:57
SOFAZ boosts Middle East investments to 1.4% of portfolio
Energy13:47
Azerbaijan's Confederation of Employers to participate in OIC Arbitration Center meeting
Business13:41
CBA identifies initial Islamic banking products for Azerbaijan
Finance13:34
Sharia Council being established under Azerbaijan Banks Association
Finance13:31
Six Azerbaijani citizens repatriated from Syria
Other13:13
Photo