Price of Azerbaijani oil approaches $102

The price of a barrel of Azerbaijani Azeri Light oil on the world market rose by $4.35, or 4.46%, reaching $101.96.

A source in the oil market told Report about this.

The price of November futures for Brent crude oil stood at $98.49 per barrel.

The price of Azeri Light on an FOB basis at the Turkish port of Ceyhan rose by $4.47, or 4.72%, to $99.21.

Azerbaijan's state budget for 2026 assumes an average oil price of $65 per barrel.