Baku 16° C
Azeri Light crude drops over 3% in global oil markets
Energy
- 15 October, 2025
- 09:53
The price of one barrel of Azerbaijan's Azeri Light crude oil has dropped by $2.17, or 3.27%, settling at $64.11 on the global market, Report informs, citing sources familiar with oil market data.
Meanwhile, Brent crude's December futures closed at $62.58 per barrel following the latest trading session.
At Türkiye's Ceyhan port, the FOB price for Azeri Light also fell by $2.20, or 3.4%, to $62.44 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
Author
Latest News
09:16
Pakistan seizes narcotics worth over $64M in major anti-smuggling operation
Other countries17:54
Leftwinger Catherine Connolly to be Ireland's next president after landslide election victory
Other countries17:48
One of Iran's largest private banks bankrupt
Region17:45
Media: White House pressuring Congress to repeal Caesar Act on Syria
Other countries17:43
Trump to meet Qatar's emir during refuel stop en route to Malaysia
Other countries17:43
Syria signs landing deal for first international submarine cable
Other countries17:34
Black boxes of cargo plane that crashed in Hong Kong retrieved
Other countries17:27
Photo
Baku State Circus resumes operations
Cultural policy17:22