Azerbaijan’s Azeri Light crude rises $6 to $110.51 per barrel

The price of Azerbaijan’s Azeri Light crude rose by $6.02, or 5.8%, to $110.51 per barrel on global markets, a market source said.

At Turkey’s Ceyhan port, the FOB price increased by $6.06, or 6%, to $107.39 per barrel.

June futures for Brent crude were trading at $105.96 per barrel.

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