Azeri Light crude rises 4.3% to $81.29 per barrel

The price of Azerbaijan's Azeri Light crude oil rose by $3.38, or 4.3%, to $81.29 per barrel on the global market, according to a source in the oil market, Report informs.

Following the latest trading session, September Brent crude futures settled at $77.32 per barrel.

At Türkiye's Ceyhan port, the FOB price of Azeri Light crude increased by $3.30, or 4.4%, to $78.36 per barrel.

Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.