Bank Of Baku

Azerbaijani oil prices decline on global markets

Azerbaijani oil prices decline on global markets
# 05 August 2026 09:41 (UTC +04:00)

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

The price of one barrel of Azerbaijani crude fell by $5.05, or 5.2%, to $91.68.

Note that the previous price of Azerbaijani crude stood at $96.73 per barrel.

Recall that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.

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