Azeri Light Surpasses $100 Mark Amid Broad Crude Rally

The price of Azerbaijan's flagship crude, Azeri Light (CIF), crossed the triple-digit threshold, trading at $101.96 per barrel in international markets.

On a Free on Board (FOB) basis at Türkiye's Ceyhan port, Azeri Light reached $99.21 per barrel. Concurrently, global benchmark Brent crude climbed to $98.49 per barrel, while Russia’s Urals crude settled at $75.48 per barrel.

Azerbaijan’s 2026 state budget is framed around a baseline crude oil price assumption of $65 per barrel.

N.Tebrizli