Azerbaijan’s Azeri Light Crude Sees Slight Uptick to $68.34 Per Barrel

The price of Azerbaijan's Azeri Light crude oil rose by $0.21, or 0.3 per cent, to $68.34 per barrel.

Historically, Azeri Light hit its lowest price of $15.81 per barrel on April 21, 2020, and its highest of $149.66 per barrel in July 2008, The Caspian Post reports via local media.

Azeri Light crude oil is a high-quality, low-sulfur oil produced mainly in Azerbaijan’s offshore Caspian Sea fields, particularly the Azeri-Chirag-Gunashli (ACG) complex. Known for its light density and sweet composition, it is prized in international markets for refining into gasoline, diesel, and other petroleum products.

Azeri Light has been exported via pipelines such as the Baku-Tbilisi-Ceyhan (BTC) and has become an important benchmark for Caspian region oil.