The price of Azerbaijan's Azeri Light crude oil increased by 5.13% to $98.73 per barrel. Oil in Turkey's Ceyhan rose to $94.81.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $4.82, or 5.13%, to $98.73.
Additionally, the price of Azerbaijani oil in Turkey's Ceyhan on FOB terms rose by $4.82, or 5.36%, to $94.81 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65.
Generated by AI. Please check key details when accuracy matters.
Azeri Light oil price was below $98.73
price rose 5.13% to $98.73 per barrel
oil in Ceyhan rose to $94.81
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.
What public debt meansWhen public debt supports development and when it becomes a budget risk. FinFly explains why it matters for Azerbaijan, business and readers in clear language.