Azeri Light holds above $91 despite daily drop

The price of Azerbaijan’s Azeri Light crude oil on the world market fell by $1.24, or 1.34%, to $91.31 per barrel on August 18, 2026.

A source in the oil market told Report that the price of Azeri Light at Türkiye's Ceyhan port under FOB terms declined by $1.18, or 1.32%, to $88.20 per barrel.

The price of oil in Azerbaijan’s state budget for this year has been set at $65 per barrel.

The lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while its highest price was $149.66 per barrel in July 2008.

By Tamilla Hasanova