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Energy

Azeri Light falls to $116.26 on Report’s Saturday print after $119.04 on Friday

Report’s Saturday print put Azeri Light at $116.26 a barrel, down $2.78 or 2.33% on Friday’s print of $119.04, which was itself $5.10 or 4.11% below Thursday’s $124.14. No Monday print had appeared on the agency’s energy page by 11:24 Baku time.

By CAW Staff19 October 2026
Bar chart of Report's Azeri Light prints from 14 to 17 October 2026 against Azerbaijan's $65 budget line.

Over the four prints from Wednesday 14 October, when Report gave $127.87, the price has fallen $11.61 or 9.1%, by CAW’s arithmetic. The Saturday figure stands $51.26 above the $65 a barrel on which Azerbaijan’s 2026 budget is built, the line Report repeats in every print.

The FOB Ceyhan price fell to $105.42 on Saturday, down $3.07 or 2.83%, after $108.49 on Friday, and Report attributes each print, as it does every day, to an unnamed source on the oil market.

Over the four prints from Wednesday 14 October, when Report gave $127.87, the price has fallen $11.61 or 9.1%, by CAW’s arithmetic.

Azeri Light is produced under the Azeri-Chirag-Gunashli contract, in which SOCAR holds 35.3%, the agency notes in each print. Its record low was $15.81 on 21 April 2020 and its high $149.66 in July 2008.

Friday’s print came at 10:29 Baku time and Saturday’s at 12:05, later than the 09:45 of Wednesday’s.

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