Bank Of Baku

Azerbaijani oil trades at $77.91

Azerbaijani oil trades at $77.91
# 11 July 2026 12:17 (UTC +04:00)

The price of Azerbaijan's Azeri Light (CIF) crude oil has declined on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil fell by $1.18, or 1.49%, to $77.91.

The previous price of Azerbaijani oil stood at $79.09 per barrel.

It should be recalled that Azerbaijan's 2026 state budget is based on an average price of $65 per barrel for Azeri Light crude oil.

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