Azerbaijani oil price drops by two per cent

The price of Azerbaijani crude oil, Azeri Light, fell by $2.30 (2%) on the global market, settling at $113.70 per barrel, Caliber.Az reports via local media.

Meanwhile, May futures for Brent crude closed at $109.58 per barrel.

At Türkiye’s Ceyhan port, under FOB terms, Azerbaijani oil prices dropped by $3.14 (2.84%) to $107.24 per barrel.

For context, Azerbaijan’s 2026 state budget assumes an oil price of $65 per barrel.