Azerbaijan’s Azeri Light oil falls below $70 a barrel

The price of Azerbaijan’s Azeri Light crude fell by $0.83, or 1.18%, to $69.25 per barrel on the global market, Report said.

At Turkey’s Ceyhan port, Azeri Light traded at $67.62 per barrel on an FOB basis, down $0.82 or 1.2%.

December futures for Brent crude settled at $67.66 a barrel.

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

Azeri Light hit its lowest level of $15.81 on April 21, 2020, and its record high of $149.66 in July 2008.