The price of Azerbaijan's Azeri Light crude fell by 0.7% to $91.04 per barrel, while in Turkey's Ceyhan it dropped to $87.89.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude on the world market decreased by $0.64, or 0.7%, to $91.04.
At the close of trading, the price of September futures for Brent crude stood at $85.28.
The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms decreased by $0.99, or 1.11%, to $87.89 per barrel.
In Azerbaijan's state budget for this year, the oil price is set at $65.
Generated by AI. Please check key details when accuracy matters.
Azeri Light oil price was $91.68 per barrel
Azeri Light oil price fell by $0.64 or 0.7% to $91.04 per barrel
September Brent futures were $85.28
Azerbaijani oil in Ceyhan on FOB terms fell by $0.99 or 1.11% to $87.89 per barrel
Azerbaijan's state budget assumes oil at $65
Why prices rise and how inflation affects wages, business, loans and everyday costs. FinFly explains why it matters for Azerbaijan, business and readers in clear language.
What energy security meansEnergy security means the ability of a country and business to receive energy reliably, without critical dependence on one route or supplier. FinFly explains why it matters for Azerbaijan, business and readers in clear language.
Why prices riseHow demand, imports, logistics, exchange rates and company costs affect final prices. FinFly explains why it matters for Azerbaijan, business and readers in clear language.