Azerbaijani Oil Price Nears $68 on Global Market

The price of Azerbaijan's Azeri LT CIF oil on the global market rose by $0.12, or 0.18%, reaching $67.98 per barrel.

October futures for Brent crude were traded at $68.07 per barrel, The Caspian Post reports.

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 $0.12 or 0.18%, amounting to $66.44.

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.