Azeri Light Nears $98 as Global Oil Benchmarks Advance

The price of Azerbaijan's flagship crude, Azeri Light (CIF), stood at $97.61 per barrel in international markets.

On a Free on Board (FOB) basis at Türkiye's Ceyhan port, Azeri Light was priced at $94.74 per barrel. Concurrently, global benchmark Brent crude traded at $93.96 per barrel, while Russia’s Urals crude settled at $70.98 per barrel.

Azerbaijan’s state budget for 2026 is calculated based on a base crude oil price of $65 per barrel.