Bank Of Baku

Azeri Light crude rises to $98.58 per barrel

Azeri Light crude rises to $98.58 per barrel
# 31 July 2026 09:50 (UTC +04:00)

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

The price of a barrel of Azerbaijani crude rose by $0.39, or 0.4%, to $98.58.

The previous price of Azerbaijani crude stood at $98.19 per barrel.

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

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