The price of Azerbaijani Azeri Light crude fell by 1.51% to $92.55 per barrel, while oil in Ceyhan declined to $89.36.
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 $1.42, or 1.51%, to $92.55.
At the close of trading, the price of September futures for Brent crude stood at $92.06.
The price of Azerbaijani oil in Turkey's Ceyhan on a FOB basis decreased by $1.64, or 1.8%, to $89.36 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
Azeri Light oil price was above $94 per barrel
The price of Azeri Light crude fell by 1.51% to $92.55 per barrel, and in Ceyhan by 1.8% to $89.36.
Further oil price dynamics are expected depending on global factors.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
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