Azeri Light Crude Drops to $65.82 per Barrel

The price of Azerbaijan's Azeri LT CIF oil on the global market dropped by $0.61, or 0.92%, settling at $65.82 per barrel.

January futures for Brent crude were traded at $65.26 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 fell by $0.61 or 0.96%, amounting to $63.79.

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.