Azeri Light crude oil has risen in price: the price exceeded 70 dollars

The price of one barrel of Azerbaijani Azeri Light oil on the world market increased by $1.25, or 1.8%, to $70.54.

Report was informed about this by a source in the oil market.

The price of Azerbaijani oil in Turkish Ceyhan under FOB terms (BTC FOB) increased by $1.09, or 1.63%, to $68.08 per barrel.

It should be noted that in Azerbaijan's state budget for this year, the oil price is set at $65.

Recall that the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum was in July 2008 ($149.66).