Azerbaijani oil price rises above $73 for first time since April
Photo: Azerbaijan's Energy Ministry
The price of Azerbaijani oil, specifically the Azeri Light (CIF) brand, continues its upward trend in global markets.
On Friday, the price of one barrel rose by $1.28 (1.77%), reaching $73.45—marking the first time since April that Azeri Light has traded above $73, News.Az reports, citing local media.
The previous price stood at $72.17 per barrel.
This week also marks the first time since April 4 that the price of Azerbaijani oil has consistently exceeded the $70 benchmark, the figure used for projections in the 2025 state budget of Azerbaijan.
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