Baku 13° C
Azeri Light crude drops below $70 per barrel
Energy
- 04 September, 2025
- 09:44
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of one barrel of Azerbaijan's Azeri Light crude oil has decreased by $1.37, or 1.92%, settling at $69.88, Report informs, citing sources in the oil market.
Based on trading results, the price of October futures for Brent crude oil stood at $67.71 per barrel.
At Türkiye's Ceyhan port, the price of a barrel of Azeri Light crude oil on a FOB (Free on Board) basis dropped by $1.36, or 1.95%, to $68.40.
For reference, Azerbaijan's state budget for this year is based on an average oil price of $70 per barrel.
Author
Latest News
21:19
Children in US given psilocybin-laced candy during Halloween
Other countries
21:02
Video
Baku TV prepares 'Light Born of Victory' feature for Victory Day
Domestic policy
20:42
Photo
Coordinate 44 premiered in Tbilisi
Region
20:38
Jay Rockefeller, last member of political Rockefeller dynasty, Dies at 89
Other countries
20:21
The Taghiyev: The School Screened at the 6th Korkut Ata Turkic World Film Festival
Art
20:17
Photo
President Ilham Aliyev and First Lady Mehriban Aliyeva attend inauguration of first phase of Jahangirbeyli village in Zangilan - Update
Domestic policy
20:15
Turkish ambassador calls for preserving unity between Azerbaijan and Türkiye
Foreign policy
20:12
Azerbaijani ambassador highlights historical significance of victory at event in Tbilisi
Region
20:03
Video
Euronews: Baku forum on intercultural dialogue helped people look beyond conflicts
Foreign policy