Commodities
Azeri Light Crude 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, up by $0.9 or 0.95% from yesterday's close.
This increase was recorded during trading, according to a source in the oil market speaking with TodayPress TV.
The price of October Brent futures stood at $93.4 per barrel, and at the FOB basis at Türkiye's Ceyhan port, the price of one barrel of Azeri Light increased by $0.9 or 0.99% to $91.79.
Azerbaijan's state budget for this year is based on an average oil price of $65 per barrel, a significant difference from the current market rate.