Bank Of Baku

Azerbaijani oil is trading at around $120

Azerbaijani oil is trading at around $120
# 02 May 2026 11:10 (UTC +04:00)

Azerbaijani oil of the Azeri Light (CIF) brand has decreased in price on world markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil fell by $2.58, or 2.11%, to $119.68.

Note that the previous price of Azerbaijani oil stood at $122.26 per barrel.

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

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