The price of one barrel of Azerbaijani Azeri Light crude fell by $1, or 0.7%, to $140.68 on the global market.
June futures for Brent crude closed at $144.42 per barrel, Caliber.Az reports, citing a market source.
In Türkiye’s Ceyhan, the FOB (Brent CIF FOB) price of Azeri Light decreased by $0.57, or 0.42%, to $134.58 per barrel.
Azerbaijan’s state budget for 2026 is based on an oil price of $65 per barrel.
By comparison, Azeri Light’s lowest recorded price was $15.81 on April 21, 2020, while the highest was $149.66 in July 2008.
Azeri Light is produced under the Azeri-Chirag-Gunashli (ACG) field block development agreement, in which the State Oil Company of Azerbaijan (SOCAR) holds a 31.65% stake.
By Bakhtiyar Abbasov
