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

The price of Azerbaijan’s Azeri Light crude fell by $0.7, or 1.09%, to $63.73 per barrel on the global market, a source in the oil market said.

According to trading results, February futures for Brent crude stood at $61.4 per barrel.

On an FOB basis at Turkey’s Ceyhan port, the price of Azeri Light dropped by $0.69, or 1.11%, to $61.67 per barrel.

N.Tebrizli