• $ 1.7
  • € 1.9849
  • ₽ 0.02178
  • ₺ 0.0423
  • £ 2.2834

Price of Azerbaijani oil falls to $80 per barrel

Price of Azerbaijani oil falls to $80 per barrel
21.06.2025 11:30

The price of Azerbaijan’s “Azeri Light” crude fell by $2.24, or 2.71%, to $80.34 per barrel on global markets, market participants said on Friday.

At Turkey’s Ceyhan port, the FOB price of “Azeri Light” dropped 2.76% to $78.96 per barrel.

Brent crude August futures were trading at $78.21 per barrel.

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

The lowest recorded price for “Azeri Light” was $15.81 on April 21, 2020, and the highest was $149.66 in July 2008.

Azerbaijan’s oil is primarily extracted from the Azeri-Chirag-Gunashli (ACG) block of fields. The State Oil Company of Azerbaijan (SOCAR) holds a 31.65% stake in the project.

N.Tebrizli

Similar news
Similar news
Winners of the She’s Next initiative supported by Birbank Biznes announced
Business 16:09
Winners of the She’s Next initiative supported by Birbank Biznes announced
Dollar steady, euro weakens
Business 14:30
Dollar steady, euro weakens
Azerbaijan imports gold from Sweden for the first time
Business 14:00
Azerbaijan imports gold from Sweden for the first time
AzerEnergy increases power output by 3.4% in first half of 2025
Business 13:30
AzerEnergy increases power output by 3.4% in first half of 2025
Azerbaijan–Vietnam Intergovernmental Commission to meet in Hanoi
Business 13:05
Azerbaijan–Vietnam Intergovernmental Commission to meet in Hanoi
Azerbaijan central bank issues binding orders to two insurers
Business 18:00
Azerbaijan central bank issues binding orders to two insurers
Gold production surges in Azerbaijan — Anglo Asian Mining
Business 16:30
Gold production surges in Azerbaijan — Anglo Asian Mining
YeloBank sets a new record: loan portfolio reaches 1 billion manat!
Business 15:51
YeloBank sets a new record: loan portfolio reaches 1 billion manat!
Azeri Light crude falls over 2% to $74 amid global price drop
Business 12:30
Azeri Light crude falls over 2% to $74 amid global price drop
Anews TV

Our official Youtube channel

Subscribe