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Azeri Light crude drops to $62.45 per barrel
Energy
- 17 December, 2025
- 10:07
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.28, or 2%, to $62.45 per barrel, Report informs.
February futures for Brent crude were traded at $60.20 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 fell by $1.27 or 2.06%, amounting to $60.40.
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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