Bank Of Baku

Azerbaijani oil price drops below $63

Azerbaijani oil price drops below $63
# 18 October 2025 12:41 (UTC +04:00)

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

The price of Azerbaijani oil per barrel decreased by 0.98 US dollars or 1.55% to 62.17 US dollars.

It should be noted that the previous price of Azerbaijani oil was 63.15 US dollars.

It should be noted that in this year's state budget of Azerbaijan, the average price of 1 barrel of Azerbaijani oil of the "Azeri Light" brand was calculated at 70 US dollars.

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