Bank Of Baku

Azerbaijani oil price nears $102

Azerbaijani oil price nears $102
# 03 September 2026 09:29 (UTC +04:00)

The price of Azerbaijani oil on the global market has approached $102, APA-Economics reports.

The price of a barrel of Azerbaijan’s Azeri Light crude oil increased by $4.35, or 4.46%, to $101.96.

Previously, Azerbaijani oil was traded at $97.61.

Note that the average oil price in Azerbaijan’s 2026 state budget was set at $65 per barrel.

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