Azeri Light crude nears $99 per barrel

The price of Azerbaijan’s Azeri Light crude oil on a CIF basis rose by $4.89, or 5.21%, to $98.80 per barrel on global markets. 

The previous price stood at $93.91 per barrel. 

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

N. Tebrizli