Economy

Azerbaijani Oil Price Falls

The price of a barrel of Azerbaijani Azeri Light crude oil on the world market fell by $3.01, or 3.9%, to $74.36 per barrel.

FinFly Newsroom2026-06-27 14:11:00230 views1 min read

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At the close of trading, the price of August futures for Brent crude oil stood at $70.56 per barrel.

The price of Azerbaijani oil at Turkey's Ceyhan port on FOB terms (BTC FOB) fell by $3.02, or 4%, to $71.9 per barrel.

Azerbaijan's state budget for this year has set the oil price at $65 per barrel.