Bank Of Baku

Azerbaijani oil price exceeds $121

Azerbaijani oil price exceeds $121
# 27 March 2026 09:22 (UTC +04:00)

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

The price of Azerbaijani oil rose by $7.55, or 6.6%, to $121.25 per barrel.

Note that the previous price of Azerbaijani oil stood at $113.70 per barrel.

Recall that the average price of Azeri Light crude oil has been set at $65 per barrel in Azerbaijan’s state budget for this year.

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