Bank Of Baku

Azerbaijani oil price exceeds $120

Azerbaijani oil price exceeds $120
# 12 September 2026 11:03 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil increased by $0.48, or 0.4%, to $120.02.

Note that the previous price of Azerbaijani oil was $119.54.

Recall that Azerbaijan's state budget for this year calculates the average price of one barrel of Azeri Light crude oil at $65.

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