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Azeri Light crude rises to $105.58 per barrel on global markets
Energy
- 13 March, 2026
- 09:45
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The price of Azerbaijan's Azeri Light crude oil increased sharply on global markets, reaching $105.58 per barrel, according to a source in the oil market, Report informs.
The price rose by $10.15, or 10.63 percent, compared with the previous level.
Meanwhile, following trading results, the price of May futures for Brent crude stood at $100.66 per barrel.
At Türkiye's Ceyhan port, the price of Azeri Light crude on an FOB basis climbed by $10.23, or 11.19 percent, to $101.63 per barrel.
For reference, average oil price in Azerbaijan's state budget for 2026 was set at $65.
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