Bank Of Baku

Azerbaijani oil increased in price

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

The price of Azerbaijani oil branded Azeri Light (CIF) has increased in world markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil rose by 1.82 US dollars or 1.6% to 114.14 US dollars.

Note that the previous price of Azerbaijani oil stood at 112.32 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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