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Azerbaijani oil price settles above $78
Energy
- 01 April, 2025
- 09:18
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The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $2.24, or 2.94%, to $78.29 per barrel, Report informs.
April futures for Brent crude were traded at $77.27 per barrel.
The price of one barrel of Azeri Light crude oil on FOB basis at Türkiye's Ceyhan port increased by $2.27 or 3.06% to $76.46.
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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