Quarter-dollar drop pushes Azeri Light down to $75.34

The price of Azerbaijan’s Azeri Light crude oil on the global market declined by $0.26, or 0.34%, to $75.34 per barrel, according to local media.

The price of Azeri Light delivered to the Turkish port of Ceyhan under FOB (Free on Board) terms also decreased, falling by $0.38, or 0.52%, to $72.83 per barrel.

Azerbaijan pegged the average oil price in its 2026 state budget at $65 per barrel.

For reference, the lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while its all-time high of $149.66 per barrel was reached in July 2008.

By Jeyhun Aghazada