Bank Of Baku

Azerbaijani oil price nears $73

Azerbaijani oil price nears $73
# 20 February 2026 09:41 (UTC +04:00)

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

The price of Azerbaijani oil rose by $1.83, or 2.58%, to $72.78 per barrel.

Note that the previous price of Azerbaijani oil stood at $70.95 per barrel.

Recall that in this year’s state budget of Azerbaijan, the average price of one barrel of “Azeri Light” oil was calculated at $65.

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