Bank Of Baku

Azerbaijani oil prices rise

Azerbaijani oil prices rise
# 07 August 2026 09:30 (UTC +04:00)

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

The price of a barrel of Azerbaijani oil rose by $2.28, or 2.5%, to $93.37.

It should be noted that the previous price of Azerbaijani oil stood at $91.04 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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