Bank Of Baku

Azeri Light crude rises 8.5% to $109.10 per barrel

Azeri Light crude rises 8.5% to $109.10 per barrel
# 24 July 2026 09:33 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil rose by US$8.54, or 8.5%, to US$109.10.

It should be noted that the previous price of Azerbaijani oil stood at US$100.56 per barrel.

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

 

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