Azeri Light crude falls over 2% to $74 amid global price drop
15.07.2025 12:30
The price of Azeri Light crude oil fell by $1.53, or 2.02%, to $74.06 per barrel on global markets, according to market sources.
On a FOB basis at Turkey’s Ceyhan port, the price of Azeri Light dropped by $1.51, or 2.03%, to $72.86 per barrel.
September futures for Brent crude were trading at $71.46 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
Azeri Light hit its lowest price on April 21, 2020, at $15.81, and its record high in July 2008 at $149.66. The oil is primarily produced from the Azeri-Chirag-Gunashli (ACG) field, where SOCAR holds a 31.65% stake.
N.Tebrizli
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