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Azeri Light oil falls to $92.55 per barrel
- 15 August, 2026
- 10:33
The price of Azerbaijan's Azeri Light crude oil on the world market fell by $1.42, or 1.51%, to $92.55 per barrel, according to a source in the oil market cited by Report.
Meanwhile, the price of October futures for Brent crude stood at $92.06 per barrel.
On an FOB basis at Türkiye's Ceyhan port, the price of one barrel of Azeri Light declined by $1.64, or 1.8%, to $89.36.
Azerbaijan's state budget for this year is based on an average oil price of $65 per barrel.
Azeri Light's lowest recorded price was $15.81 per barrel on April 21, 2020, while its highest price reached $149.66 in July 2008.
Azerbaijan produces Azeri Light as part of the development of the Azeri-Chirag-Gunashli (ACG) field block. Under the production-sharing agreement, Azerbaijan's state oil company SOCAR holds a 35.3% stake.
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