Bank Of Baku

Azerbaijani oil price nears $96

Azerbaijani oil price nears $96
# 12 August 2026 09:23 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil increased by $0.41, or 0.43%, to $95.57.

Note that the previous price of Azerbaijani oil was $95.16.

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

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