Azeri Light Crude Oil Price Surges to $95.48 per Barrel

The price of Azeri Light crude oil has risen to $95.48 per barrel on the world market, according to a report from Report.az.

This increase represents a 0.95% rise over the previous day's trading, with the price increasing by $0.9 per barrel.

The Azeri Light crude oil is produced from the Azeri-Chirag-Gunashli (ACG) field block under the production-sharing agreement for its development, and Azerbaijan's state budget for this year is based on an average oil price of $65 per barrel.

Azeri Light's highest recorded price was $149.66 in July 2008, while its lowest recorded price was $15.81 per barrel on April 21, 2020.