Commodities
Azeri Light Crude Oil Price Falls to $122.49 Per Barrel
The price of Azerbaijan's Azeri Light crude oil declined by $0.97 to $122.49 per barrel on the world market, according to an oil market source who spoke to Report.
This represents a decrease of 0.79% from its previous value.
At the FOB basis at Türkiye's Ceyhan port, Azeri Light fell by $1.13 to $115.68 per barrel, representing a 0.97% drop.
The current price is significantly higher than Azerbaijan's state budget projection of $65 per barrel for this year.