Azeri Light crude price rises to $67.57 per barrel

The price of Azeri Light crude increased by $0.96 or 1.44%, reaching $67.57 per barrel on global markets.

June futures for Brent crude closed at $66.85 per barrel.

The price of Azeri Light FOB at the Turkish port of Ceyhan rose by $0.88 or 1.35%, reaching $65.71 per barrel.

Azerbaijan’s 2025 state budget is based on an oil price of $70 per barrel.

The all-time low for Azeri Light was recorded on April 21, 2020 at $15.81, and the all-time high was $149.66 in July 2008.

Oil in Azerbaijan is mainly produced under the Azeri–Chirag–Gunashli (ACG) field development agreement. SOCAR holds a 31.65% stake in the contract.

N.Tebrizli