Bank Of Baku

Azerbaijani oil prices decline

Azerbaijani oil prices decline
# 18 February 2026 12:05 (UTC +04:00)

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

The price per barrel of Azerbaijani oil fell by $1.44, or 2.1%, reaching $68.92.

Previously, Azerbaijani oil was priced at $70.36 per barrel.

Azerbaijan’s 2026 state budget is calculated based on an average oil price of $65 per barrel for Azeri Light crude.

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