Bank Of Baku

Azerbaijani oil price rises by more than $5

Azerbaijani oil price rises by more than $5
# 13 May 2026 09:38 (UTC +04:00)

Azerbaijan’s “Azeri Light” (CIF) crude oil has risen in price on world markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil increased by $5.45, or 4.93%, reaching $115.93.

Note that the previous price of Azerbaijani oil stood at $110.48.

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

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