Azeri Light crude rises above $69 a barrel

The price of Azeri Light crude rose by 32 cents, or 0.46%, to $69.02 a barrel on world markets, Report news agency said on Thursday.

Brent crude futures for November stood at $67.14 a barrel.

At Turkey’s Ceyhan port, the FOB price of Azeri Light climbed by 32 cents, or 0.47%, to $67.55 a barrel.

Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel. The country’s oil is mainly produced under the Azeri-Chirag-Gunashli (ACG) contract, where SOCAR holds a 31.65% stake.