Azeri Light Crude Falls to $64.80 per Barrel

The price of Azerbaijan's Azeri LT CIF oil on the world market fell by $0.63, or 0.96%, reaching $64.8 per barrel.

January futures for Brent crude were traded at $63.66 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 $0.69 or 1.09%, amounting to $62.68.

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.