Bank Of Baku

Azerbaijani oil price nears $71

Azerbaijani oil price nears $71
# 19 February 2026 09:35 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil rose by $2.03, or 2.95%, reaching $70.95.

It should be noted that the previous price of Azerbaijani oil stood at $68.92 per barrel.

Recall that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel for Azeri Light crude.

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