Azerbaijan’s Azeri Light crude falls nearly $6 to $113.01 per barrel

The price of Azerbaijan’s Azeri Light crude dropped by $5.55, or 4.68%, to $113.01 per barrel on global markets.

At Turkey’s Ceyhan port, the FOB price fell by $5.11, or 4.48%, to $108.93 per barrel.

June futures for Brent crude were trading at $116.55 per barrel.

Azerbaijan’s 2026 state budget is based on an oil price of $65 per barrel.

N.Tebrizli