Bank Of Baku

Azerbaijani oil price exceeds $107

Azerbaijani oil price exceeds $107
# 08 September 2026 09:09 (UTC +04:00)

The price of Azerbaijani oil on the global market has exceeded $107 per barrel, APA-Economics reports.

The price of a barrel of Azerbaijan’s Azeri Light crude oil rose by $3.11, or 2.98%, to $107.31.

Previously, Azerbaijani oil was traded at $104.20 per barrel.

Note that the average oil price in Azerbaijan’s 2026 state budget is set at $65 per barrel.

 

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