The price of Azeri Light crude fell by $7.15, or 6.9%, to $95.58 per barrel.
AI will summarize what happened, why it matters and what it means for business.
The price of Azerbaijani Azeri Light crude oil on the world market fell by $7.15, or 6.9%, to $95.58 per barrel.
At the close of trading, the price of September Brent crude futures stood at $90.55.
The price of Azerbaijani oil in Turkey's Ceyhan port on FOB terms fell by $7.27, or 7.4%, to $91.48 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
Generated by AI. Please check key details when accuracy matters.
Azeri Light crude was at $102.73 per barrel
Azeri Light fell by $7.15 to $95.58 per barrel
FOB price in Ceyhan fell by $7.27 to $91.48 per barrel
Azerbaijan's state budget assumes $65 per barrel
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