Azerbaijani Oil Price Hits New High

The price of Azerbaijani oil has increased, reaching $92.89 per barrel on the world market. This is an increase of $0.58, or 0.63%, from yesterday's price. The Azeri Light crude oil is produced under a contract to develop the Azeri-Chirag-Gunashli (ACG) block of fields in Azerbaijan.

The FOB price of Azerbaijani oil in Türkiye's Ceyhan has also increased, reaching $89.72 per barrel. This is an increase of $0.72, or 0.81%, from yesterday's price.

The minimum price for Azeri Light was recorded on April 21, 2020, at $15.81, while the maximum was recorded in July 2008, at $149.66.