The price of Azerbaijan’s Azeri Light crude oil on the global market rose by $1.71, or 2.57%, reaching $68.34 per barrel, according to a source in the oil market.
According to trading results, the price of March futures for Brent crude stood at $68.27 per barrel, News.Az reports, citing local media.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude rose by $1.69, or 2.64%, to $65.76 per barrel.
Azerbaijan’s state budget for this year is based on an average oil price of $65 per barrel.
