Azeri Light crude falls below $65 per barrel

The price of Azerbaijan’s Azeri Light crude fell by $0.63, or 0.96%, to $64.8 per barrel on the world market, Report news agency said.

January futures for Brent crude traded at $63.66 per barrel. On an FOB basis at Turkey’s Ceyhan port, Azeri Light decreased by $0.69, or 1.09%, to $62.68 per barrel.

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