Azeri Light crude slips below $66 a barrel

 The price of Azerbaijan’s Azeri Light crude fell by $0.61, or 0.92%, to $65.82 a barrel on global markets, Report news agency said, citing market sources.

At Turkey’s Ceyhan port, Azeri Light traded at $64.4 per barrel on an FOB basis, down $0.61. Brent January futures were quoted at $65.26.

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