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Azeri Light crude drops to $63.15 per barrel on world market
Energy
- 17 October, 2025
- 10:28
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The price of one barrel of Azeri Light crude oil has decreased by $1.11, or 1.73%, settling at $63.15 on the global market, according to sources in the oil industry, Report informs.
Meanwhile, Brent crude December futures were priced at $61.78 per barrel following trading results.
At Türkiye's Ceyhan port, the FOB price for a barrel of Azeri Light also dropped - down by $1.14, or 1.82%, to $61.41.
For comparison, Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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