Bank Of Baku

Azerbaijani oil price exceeds $70

Azerbaijani oil price exceeds $70
# 29 January 2026 09:38 (UTC +04:00)

Azerbaijan’s Azeri Light (CIF) crude oil has risen in price on global markets, APA-Economics reports.

The price of one barrel of Azerbaijan’s crude rose by $1.06, or 1.53%, to $70.37.

Note that the previous price of Azerbaijani oil was $69.31.

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

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