Azeri Light rises above $109 per barrel

The price of Azerbaijan’s Azeri Light crude oil (CIF) rose by $8.54, or 8.49%, to $109.10 per barrel, according to oil market participants.

The FOB price of Azeri Light at Türkiye’s Ceyhan port increased by $8.49, or 8.78%, to $105.18 per barrel, while Brent crude traded at $104.92 per barrel.

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

N. Tebrizli