Azeri Light crude drops to $67.86 per barrel

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.48, or 0.7%, to $67.86 per barrel, Report informs.

March futures for Brent crude were traded at $67.82 per barrel.

The price of a barrel of Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port fell by $0.51 or 0.77%, amounting to $65.25.

The average oil price in Azerbaijan's state budget for 2026 was set at $65 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.