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Azeri Light crude rises to $128.03 per barrel
Energy
- 16 September, 2026
- 09:44
The price of Azerbaijan's Azeri Light crude rose by $0.74, or 0.58%, to $128.03 per barrel on the global market, a source in the oil market told Report.
Brent crude futures for November delivery settled at $132.19 per barrel.
At Türkiye's Ceyhan port, Azeri Light crude on a Free on Board (FOB) basis gained $0.74, or 0.61%, to $122.45 per barrel.
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
Azeri Light recorded its lowest price of $15.81 per barrel on April 21, 2020, and its highest price of $149.66 in July 2008.
Azeri Light is produced under the development agreement for the Azeri-Chirag-Gunashli (ACG) block of fields, in which the State Oil Company of Azerbaijan (SOCAR) holds a 35.3% stake.
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