Azeri Light Crude Falls to $63.15 Per Barrel on Global Market

According to industry sources, the price of a barrel of Azeri Light crude oil fell by $1.11, or 1.73%, ending at $63.15 on the global market

Meanwhile, Brent crude December futures were priced at $61.78 per barrel following trading results, The Caspian Post reports.

At Türkiye's Ceyhan port, the FOB price for a barrel of Azeri Light also dropped - down by $1.14, or 1.82%, to $61.41.

For comparison, Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.