Price of Azerbaijani oil drops slightly on global market

The price of one barrel of Azerbaijan's Azeri Light crude oil has decreased by $0.07, or 0.10%, to $69.46 on the global market, according to sources in the oil trading sector, Report informs.

Meanwhile, Brent crude oil futures for November settled at $66.75 per barrel following the latest trading session.

At Türkiye's Ceyhan port, the price of Azeri Light oil on a FOB basis also declined by $0.07, or 0.10%, to $67.92 per barrel.

For 2025, Azerbaijan's state budget is based on an average oil price of $70 per barrel.