Azeri Light crude price drops 2.9% to $124.14 per barrel

The price of Azerbaijan's flagship crude oil, Azeri Light (CIF), decreased by $3.73, or 2.92%, on the international market, settling at $124.14 per barrel. 

In the preceding trading session, the grade had closed at $127.87 per barrel. Azerbaijan's 2026 state budget is calculated on a conservative baseline oil price benchmark of $65 per barrel. 

N. Tebrizli