Azeri Light crude oil price rises slightly on global markets

The price of Azerbaijan's Azeri Light crude oil increased by $0.03, or 0.04%, to $68.54 per barrel on the global market, a source in the oil market told Report.

According to trading results, March futures for Brent crude were priced at $65.42 per barrel.

Meanwhile, the price of Azeri Light crude at Türkiye's Ceyhan port on an FOB basis fell by $0.22, or 0.33%, to $66.43 per barrel.

Azerbaijan"s state budget for this year is based on an average oil price of $65 per barrel.