Baku 24° C
Azerbaijani oil price slightly rising
Energy
- 16 October, 2025
- 10:36
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.15, or 0.2%, to $64.26 per barrel, Report informs.
December futures for Brent crude were traded at $62.61 per barrel.
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 $0.11 or 0.2%, amounting to $62.55.
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.
Author
Latest News
17:42
Horlemann: Germany supports further deepening of EU relations with Azerbaijan
Foreign policy17:36
Türkiye's grain product exports to Azerbaijan rise 12.9%
Business17:34
Horlemann: Energy - key area of Baku-Berlin cooperation
Foreign policy17:21
German ambassador: Relations with Azerbaijan remain pragmatic and stable
Foreign policy17:14
Georgia says Western Balkans cooperation could boost Middle Corridor
Region16:53
Ralf Horlemann: Baku-Yerevan peace process - most important event in South Caucasus
Foreign policy16:43
Aoun hopes US-Iran deal will put end to Israel-Hezbollah war
Other countries16:35
Video
Swedish ambassador to Baku sums up 4 years of work
Foreign policy16:29