Azeri Light Crude Slides to $66.63 per Barrel

23 Jan, 10:29
Economics

The price of Azerbaijan's Azeri LT CIF oil on the world market dropped by $1.32, or 1.94%, to $66.63 per barrel.

March futures for Brent crude were traded at $65.78 per barrel, The Caspian Post reports, citing local media.

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 $1.37 or 2.09%, amounting to $64.07.

The average oil price in Azerbaijan's state budget for 2026 was set at $65 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 Slides to $66.63 per Barrel

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