Azeri Light Crude Hits $66.62 per Barrel

25 Dec, 10:08
Economics

The price of Azerbaijan's Azeri LT CIF oil rose by $0.48, or 0.72%, reaching $66.62 per barrel in the global market.

February futures for Brent crude were traded at $63.52 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 $0.46 or 0.72%, amounting to $64.53.

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.

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Azeri Light Crude Hits $66.62 per Barrel

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