Report’s print of Wednesday morning puts Azeri Light at $127.87 on the world market, down $3.75 or 2.85% on the previous print, citing a source on the oil market at 09:45 Baku time. On an FOB basis at the Turkish port of Ceyhan the same blend stood at $116.51, down $4.19 or 3.47%.
The print keeps the blend about $63 above the $65 a barrel on which Azerbaijan’s 2026 state budget is calculated, by the outlet’s standing line, which also records the blend’s high of $149.66 in July 2008 and its low of $15.81 on 21 April 2020.
On an FOB basis at the Turkish port of Ceyhan the same blend stood at $116.51, down $4.19 or 3.47%.
Trend reported the same 2.85% fall at Italy’s port of Augusta, by its headline. CAW carried the blend above $125 on 9 October, by APA’s print of that day.
