Bank Of Baku

Azerbaijani oil price nears $102 per barrel

Azerbaijani oil price nears $102 per barrel
# 01 August 2026 10:01 (UTC +04:00)

The price of Azeri Light (CIF), Azerbaijan's benchmark crude oil, has increased on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil rose by $3.29, or 3.34%, to $101.87.

Note that the previous price of Azerbaijani oil stood at $98.58 per barrel.

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

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