The price of Azerbaijan's Azeri Light crude oil increased by 5.13% to $98.73 per barrel. Oil in Turkey's Ceyhan rose to $94.81.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $4.82, or 5.13%, to $98.73.
Additionally, the price of Azerbaijani oil in Turkey's Ceyhan on FOB terms rose by $4.82, or 5.36%, to $94.81 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65.
Azeri Light oil price was below $98.73
The price of Azeri Light crude oil rose 5.13% to $98.73 per barrel, and oil in Ceyhan rose to $94.81.
Further oil price movements are expected depending on global factors.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
2 min →Zeyni Jafarov. “Azeri Light Oil Rises to $98.73 per Barrel”. FinFly.news, July 22, 2026. URL: https://finfly.news/en/economy/azeri-light-oil-rises-to-98-73-per-barrel
