Bank Of Baku

Azerbaijani oil increased in price

Azerbaijani oil increased in price
# 19 May 2026 09:32 (UTC +04:00)

Azerbaijani oil branded Azeri Light (CIF) has risen in price on world markets,  APA-Economics reports.

The price of one barrel of Azerbaijani oil increased by 1.75 US dollars, or 1.5%, to 118.16 US dollars.

Note that the previous price of Azerbaijani oil was 116.41 US dollars.

Recall that the average price of one barrel of Azerbaijani oil branded Azeri Light was calculated at 65 US dollars in Azerbaijan’s state budget for this year.

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