Baku 1° C
Price of Azerbaijani oil drops slightly on global market
Energy
- 23 September, 2025
- 10:04
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.
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