Azeri Light crude price slips to $72.75 per barrel

The price of Azerbaijan's Azeri Light crude fell by $0.03, or 0.04%, to $72.75 per barrel on the global market, a source in the oil market told Report.

According to auction outcomes, the price of April futures for Brent crude stood at $70.94 per barrel.

At Türkiye's Port of Ceyhan, the price of Azeri Light crude on an FOB basis also declined by $0.03, or 0.04%, to $70.10 per barrel.

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