Azerbaijan’s Azeri Light price falls 4.5% to $116.83

The price of Azerbaijani Azeri Light crude fell by $5.54, or 4.53%, to $116.83 a barrel on the global market, according to local media.

On an FOB basis at the Turkish port of Ceyhan, the price fell by $6.21, or 5.34%, to $110.09 a barrel.

Azeri Light reached its lowest price of $15.81 on April 21, 2020, and its highest of $149.66 in July 2008.

By Aghakazim Guliyev