Meanwhile, May futures for Brent crude were traded at $72.07 per barrel, News.Az reports, citing local media.
On the FOB basis at Turkey's Ceyhan port, the price of one barrel of Azeri Light crude oil dropped by $1.87, or 2.65%, to $72.58.
For Azerbaijan’s state budget in 2025, the average oil price was set at $70 per barrel.
The lowest recorded price for Azeri Light was $15.81 on April 21, 2020, while the all-time high was $149.66 in July 2008.
