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Azerbaijan's Oil Prices Rise Ahead of 2025 Budget

4/2/2025

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Summary

Story summary

Azerbaijan's Azeri Light crude oil price climbed to $78.71 per barrel on April 1, reflecting a modest increase of $0.42. In Ceyhan, the price reached $76.91, while URALS crude hit $62.30 and Dated Brent rose to $77.68. Looking ahead, Azerbaijan's 2025 budget anticipates oil prices averaging $70 per barrel.

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Story summary

Azerbaijan's Azeri Light crude oil price climbed to $78.71 per barrel on April 1, reflecting a modest increase of $0.42. In Ceyhan, the price reached $76.91, while URALS crude hit $62.30 and Dated Brent rose to $77.68. Looking ahead, Azerbaijan's 2025 budget anticipates oil prices averaging $70 per barrel.