Azerbaijan’s Azeri Light Oil Price Remains Above $121

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Azerbaijan’s Azeri Light Oil Price Remains Above $121

The price of Azerbaijan’s Azeri Light crude has remained above $121 per barrel despite a daily decline.

The price of one barrel of Azeri Light fell by $1.07 to $121.08, according to APA.

The previous trading price was $122.15 per barrel.

The latest price remains significantly above the oil benchmark used in Azerbaijan’s 2026 state budget, which assumes an average crude price of $65 per barrel.

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Azerbaijan’s Azeri Light Oil Price Remains Above $121

The price of Azerbaijan’s Azeri Light crude has remained above $121 per barrel despite a daily decline.