Azerbaijani oil price in global market rises slightly

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.19, or 0.25%, to $76.80 per barrel.

March futures for Brent crude were traded at $75.34 per barrel.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.