Bank Of Baku

Azerbaijani oil price exceeds $70 again

Azerbaijani oil price exceeds $70 again
# 17 February 2026 09:51 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil rose by $0.79, or 1.14%, reaching $70.36.

Note that the previous price of Azerbaijani oil stood at $69.57 per barrel.

Recall that in this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light crude oil was calculated at $65.

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