Bank Of Baku

Azerbaijani oil price exceeds $122

Azerbaijani oil price exceeds $122
# 19 September 2026 10:02 (UTC +04:00)

The price of Azerbaijani oil has increased on the global market, APA-Economics reports.

The price of a barrel of Azerbaijan's Azeri Light crude oil rose by $1.29, or 1.07%, to $122.37.

Azerbaijani oil was previously traded at $121.08 per barrel.

It should be noted that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.

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