Bank Of Baku

Azerbaijani oil is trading above $122

Azerbaijani oil is trading above $122
# 01 May 2026 09:40 (UTC +04:00)

Azerbaijan’s Azeri Light crude oil (CIF) price has decreased in global markets, APA-Economics reports.

The price of Azerbaijani oil fell by 0.06 US dollars, or 0.05%, to 122.26 US dollars per barrel.

Note that the previous price of Azerbaijani oil stood at 122.32 US dollars per barrel.

Recall that the average price of Azeri Light crude oil in Azerbaijan’s state budget for this year was set at 65 US dollars per barrel.

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