Azerbaijani oil price keeps growing in global markets
Photo: Azerbaijan's Ministry of Energy
The price of Azerbaijan’s Azeri LT CIF oil rose by $0.92, or 1.19%, reaching $78.40 per barrel in the global market.
Meanwhile, April futures for Brent crude traded at $76.54 per barrel, News.Az reports.
On an FOB basis, the price of one barrel of Azeri Light crude at Türkiye's Ceyhan port climbed by $0.94, or 1.73%, to $77.02.
For 2025, Azerbaijan’s state budget has set the average oil price at $70 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020, at $15.81, while its all-time high reached $149.66 in July 2008.
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