Azeri Light crude rises to $71.51 per barrel

The price of Azerbaijan’s Azeri Light crude increased by $1.18 (1.68%) to $71.51 per barrel on the global market.

The FOB price in the Turkish port of Ceyhan also rose by $1.18 to $70.25. By comparison, September Brent futures traded at $71.48.

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