Azeri Light Crude Drops to $116.26 per Barrel on Global Markets

The price of Azerbaijan's flagship crude grade, Azeri Light on a CIF basis, declined during trading on global markets.

The price per barrel dropped by $2.78, or 2.34%, to settle at $116.26. In previous trades, the Azerbaijani crude was priced at $119.04 per barrel.

Azerbaijan's state budget for 2026 is calculated based on an average crude oil price of $65 per barrel.

N. Tebrizli