Azeri Light crude drops to $65 a barre

lThe price of Azerbaijan’s Azeri Light crude fell by $0.39, or 0.59%, to $65.43 a barrel on global markets, Report news agency said, citing market sources.

At Turkey’s Ceyhan port, Azeri Light traded at $63.37 per barrel on an FOB basis, down $0.42. Brent January futures were quoted at $64.56.

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