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Azerbaijani oil prices rise slightly

Azerbaijani oil prices rise slightly
12.05.2026 11:30

The price of Ադրբեջանի Azeri Light crude oil edged higher on global markets.

According to a source in the oil market, the price of one barrel of Azeri Light crude rose by $0.03, or 0.04%, to $68.54.

Following trading results, Brent crude futures were priced at $65.42 per barrel.

Meanwhile, the FOB price of Azeri Light crude at Türkiye’s Ceyhan port fell by $0.22 to $66.43 per barrel.

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

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