Azeri Light Crude Oil Surges to $113.32 per Barrel

09:57 - 10.09.2026


September 10, Fineko/abc.az. The price of Azerbaijan's flagship "Azeri Light" crude oil rose by $5.14, or 4.75%, settling at $113.32 per barrel in global commodity markets.

The price surge comes amid broader upward momentum across international crude benchmarks, driven by shifting global energy supply dynamics and market demand. For context, Azerbaijan's 2026 state budget is calculated based on a conservative benchmark average oil price of $65 per barrel.