The price of Azerbaijan’s Azeri Light crude oil rose by $0.44, or 0.45%, to $97.12 per barrel on the global market.
The price of October Brent crude futures stood at $94.43 at the close of trading, Caliber.Az reports via domestic media.
Meanwhile, the price of Azeri Light on a free-on-board (FOB) basis at Azerbaijan’s oil terminal in Ceyhan, Türkiye, increased by $0.66, or 0.7%, to $93.70 per barrel.
Azerbaijan’s 2026 state budget is based on an oil price of $65 per barrel.
The lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while its record high of $149.66 was reached in July 2008.
By Sabina Mammadli
