Azerbaijan’s Azeri Light oil price rises on global market

The price of Azerbaijan’s Azeri Light crude oil rose significantly at Italy’s Port of Augusta, AzerNEWS reports.

According to data, the price of Azeri Light crude on a CIF basis increased by $4.43, or 4.2 percent, compared to the previous figure, reaching $109.98 per barrel.

At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri Light crude went up by $4.52, or 4.41%, to $107.01 per barrel.

The price of URALS crude increased by $4.64, or 5.71%, to $85.85 per barrel, while Brent Dated crude from the North Sea rose by $4.13, or 4.1%, to $104.72 per barrel.

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