Azeri Light rises above $115 per barrel

The price of Azerbaijan’s Azeri Light crude rose by $5.45, or 4.93%, to $115.93 per barrel.

On a FOB basis at Turkey’s Ceyhan port, the price of Azerbaijani crude increased by $5.7, or 5.3%, to $113.3 per barrel.

Brent crude futures for July settled at $110.83 per barrel.

Azerbaijan’s 2026 state budget assumes an average oil price of $65 per barrel.