Azeri Light crude drops to $90.34 per barrel

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $12.69, or 12.32%, to $90.34 per barrel, Report informs.

May futures for Brent crude were traded at $87.94 per barrel.

The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port fell by $12.77 or 12.88%, amounting to $86.33.

The average oil price in Azerbaijan's state budget for 2026 was set at $65 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.