Commodities

Azeri Light Crude Oil Price Hits $95.48 Per Barrel

Guavy AI Editorial Team Published August 20, 2026

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Oil

The price of Azerbaijan's Azeri Light crude oil has risen to $95.48 per barrel at Italy's Augusta port, marking a 0.95% increase from the previous figure. This hike comes as a result of an upward revision in the CIF (cost, insurance, and freight) basis.

Azerbaijan's Azeri Light crude oil is one of the key export products for the country, and its price fluctuations can have significant implications for global energy markets.

The Wire

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