Bank Of Baku

Azeri Light crude price drops nearly 7%

Azeri Light crude price drops nearly 7%
# 28 July 2026 09:46 (UTC +04:00)

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

The price of one barrel of Azeri Light fell by $7.15, or 6.96%, to $95.58, down from $102.73 in the previous trading session.

Note that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.

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