Weekly review of oil prices in Azerbaijan

Oil&Gas Materials 25 May 2026 09:32 (UTC +04:00)
Weekly review of oil prices in Azerbaijan
Aytaj Shiraliyeva
Aytaj Shiraliyeva
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BAKU, Azerbaijan, May 25. The average prices of Azeri Light CIF, Dated Brent and Azeri Light FOB Ceyhan crude oil increased, while the average price of Urals crude oil decreased last week, Trend reports.

The price of Azeri Light CIF crude, produced at the Azeri-Chirag-Gunashli field in Azerbaijan, rose by $0.03, or 0.03%, compared to last week, to $114.39 per barrel. According to the data, the maximum price for this grade of crude oil during the week was $118.16 per barrel, and the minimum was $110.05.

The average price of Azeri Light crude oil on a FOB basis at the Turkish port of Ceyhan was $112.03 per barrel, which is $0.27, or 0.2%, more than last week. During the week, the maximum price was $115.71 per barrel, and the minimum was $107.73.

The price of Urals crude oil decreased by $0.21, or 0.2%, compared to the previous week, standing at $90.05 per barrel. During the week, the maximum price was $94.22, and the minimum was $85.05.

The Dated Brent crude oil price averaged $111.67, up by $1.86, or 1.7%, compared to the previous week. During the week, the maximum price was $114.90 per barrel, and the minimum was $107.23.

Oil / Price

18.05.2026

19.05.2026

20.05.2026

21.05.2026

22.05.2026

Average price

Azeri LT CIF

$118.16

$117.30

$112.32

$114.14

$110.05

$114.39

Azeri Light FOB Ceyhan

$115.71

$114.90

$109.97

$111.82

$107.73

$112.03

Urals (EX NOVO)

$94.22

$93.43

$88.03

$89.52

$85.05

$90.05

Dated Brent

$114.90

$114.68

$109.83

$111.71

$107.23

$111.67

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