Global crude benchmarks update: Azeri Light trades at $119.04

Benchmark and regional crude oil streams recorded fresh price adjustments across international commodity markets.

According to latest trading data, North Sea Brent crude stood at $125.98 per barrel. Azerbaijan's flagship Azeri Light crude dropped to $119.04 per barrel, while the Baku-Tbilisi-Ceyhan (BTC) export grade on an FOB Ceyhan basis changed hands at $108.49 per barrel. Concurrently, Russia’s key export blend Urals traded at $83.40 per barrel. For comparison, Azerbaijan's 2026 state budget is built around a conservative baseline benchmark of $65 per barrel. 

N. Tebrizli