Bank Of Baku

Azerbaijani oil price increased slightly

Azerbaijani oil price increased slightly
# 04 February 2026 09:24 (UTC +04:00)

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

The price of Azerbaijani oil increased by $0.08, or 0.11%, reaching $69.80 per barrel.

Note that the previous price of Azerbaijani oil was $69.72 per barrel.

Recall that Azerbaijan’s 2026 state budget is based on an average price of $65 per barrel for Azeri Light crude.

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