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Azerbaijan oil price volatility

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-01 07:25 UTC → 2026-08-12 05:45 UTC · added removed

In late June 2026 2026, analysts expected Azerbaijani gasoline prices to fall as global crude eased and local refining capacity expanded. By late July However, by July, the outlook had flipped: shifted significantly. On 9 July, “Azeri Light” crude surged more than 8 % 8% to about approximately $109 per barrel, a rally tied to heightened Middle‑East tensions and the suspension of loading at the Caspian Pipeline Consortium’s Black Sea terminal. Detailed pricing on 9 July showed with the CIF price at Italy’s Augusta port at $109.10 and the FOB price at Turkey’s Ceyhan port at $105.18, while other grades such as URALS $105.18. This rally was tied to heightened Middle-East tensions and Dated Brent also rose sharply. Azerbaijan’s 2026 budget still assumes an average barrel price the suspension of $65. In early August loading at the price Caspian Pipeline Consortium’s Black Sea terminal following tanker attacks. By early August, prices moderated but remained elevated, with the elevated. The CIF level at Augusta falling fell to $101.87 and the FOB level at Ceyhan to $98.25. The month‑to‑month This represented a month-to-month gain of roughly 20 % was 20%, the strongest since March, driven by a mix of geopolitical risks—including risks including renewed U.S.–Iran friction, Houthi attacks in the Red Sea, Saudi strikes against Iran‑backed Iran-backed groups, and further attacks on Black Sea export infrastructure—as well as a decline in U.S. infrastructure. In mid-August, market volatility persisted. While Saudi Aramco reduced Arab Light crude inventories. Overall global prices for Asia due to shipping disruptions in the Strait of Hormuz, the price of Azerbaijan’s Azeri Light crude hovered near $85 rose to $95.57 per barrel, while barrel at the Italian port of Augusta. Throughout these fluctuations, Azerbaijan’s 2026 budget forecast unchanged, remains based on an average barrel price of $65, underscoring the rapid swings gap between fiscal planning and uncertainty in the regional oil market. market reality.

Versions

  1. 2026-08-12 05:45 UTC Azerbaijan oil price volatility
  2. 2026-08-01 07:25 UTC Azerbaijan oil price volatility

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