Bank Of Baku

Azerbaijani oil price nears $118

Azerbaijani oil price nears $118
# 19 March 2026 09:58 (UTC +04:00)

Azeri Light (CIF) Azerbaijani oil has increased in price on global markets, APA-Economics reports.

The price of Azerbaijani oil rose by $9.63, or 8.9%, to $117.79 per barrel.

Note that the previous price of Azerbaijani oil stood at $108.16.

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

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