Bank Of Baku

Azerbaijani oil price nearing $110

Azerbaijani oil price nearing $110
# 17 March 2026 09:50 (UTC +04:00)

Azerbaijan’s Azeri Light (CIF) crude oil has become more expensive in global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil increased by $0.09, or 0.08%, reaching $109.19.

Note that the previous price of Azerbaijani oil stood at $109.1.

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

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