Azeri Light oil price drops by $3.54
10.04.2025 10:58
According to market data, the price of a barrel of Azeri Light crude fell by $3.54, or 5.23%, to $64.11 on global markets.
June futures for Brent crude settled at $62.69.
Azerbaijan’s 2025 state budget is based on an oil price of $70 per barrel.
The lowest recorded price for Azeri Light was $15.81 on April 21, 2020, and the highest was $149.66 in July 2008.
Oil production in Azerbaijan is primarily carried out under the Azeri-Chirag-Gunashli (ACG) field development agreement, in which state oil company SOCAR holds a 31.65% stake.
N.Tebrizli
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