Paşha Bank
Bank Of Baku

Azerbaijani oil price exceeds $118

Azerbaijani oil price exceeds $118
# 20 October 2026 10:38 (UTC +04:00)

The price of Azerbaijani Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.

The price of Azerbaijani oil rose by $2.27, or 1.95%, to $118.53 per barrel.

Note that the previous price of Azerbaijani oil was $116.26 per barrel.

Recall that Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil.

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