Azeri Light crude falls to $113.48 per barrel

Azerbaijan’s Azeri Light crude fell by $2.04, or 1.76%, to $113.48 per barrel, a source in the oil market said.

On an FOB basis at Türkiye’s Ceyhan port, Azeri Light declined by $2.01, or 1.78%, to $110.98 per barrel.

Brent crude futures for July stood at $109.59 per barrel.

Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel. Azeri Light remains $48.48 above the budget benchmark.