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Azerbaijani oil price drops below $77
Energy
- 14 February, 2025
- 05:52
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.79, or 1.02%, to $76.85 per barrel, Report informs.
April futures for Brent crude were traded at $75.12 per barrel.
The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port decreased by $0.78 or 1.02% to $75.39.
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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