The price of a barrel of Azerbaijani Azeri Light crude oil on the world market increased by $1.12, or 1.56%, to $72.93 per barrel.
AI will summarize what happened, why it matters and what it means for business.
Following trading, the price of September futures for Brent crude oil stood at $69.35 per barrel.
The price of Azerbaijani oil in Turkey's Ceyhan on a FOB basis rose by $1.16, or 1.67%, to $70.48 per barrel.
Azerbaijan's state budget for this year has set the oil price at $65 per barrel.
Azerbaijan's state budget assumes oil at $65 per barrel
The price of Azeri Light crude oil rose by $1.12 to $72.93 per barrel.
Prices may continue to fluctuate based on global supply and demand.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
2 min →Sadraddin Aghjayev. “Azeri Light Rises in Price”. FinFly.news, July 4, 2026. URL: https://finfly.news/en/economy/azeri-light-rises-in-price
