Azerbaijani oil price surges

Azerbaijani oil price surges
© Photo: Maria Novoselova / Vestnik Kavkaza

The price of Azeri Light crude oil increased by $0.21, or 0.3%, reaching $68.34 per barrel.

October futures for Brent crude were traded at $67.32 per barrel.

The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port rose by $0.22 or 0.33%, amounting to $66.83.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 per barrel, Trend reported.

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