Bank Of Baku

Azerbaijani oil is trading at $101

Azerbaijani oil is trading at $101
# 03 June 2026 09:41 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil decreased by $2.9, or 2.77%, to $101.68.

Note that the previous price of Azerbaijani oil stood at $104.58 per barrel.

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

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