Bank Of Baku

Azerbaijani oil price nears $120

Azerbaijani oil price nears $120
# 21 October 2026 10:09 (UTC +04:00)

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

The price of a barrel of Azerbaijani oil rose by $1.15, or 0.97%, to $119.68.

Note that the previous price of Azerbaijani oil was $118.53 per barrel.

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

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