Bank Of Baku

Azerbaijani oil sold above $124 per barrel

Azerbaijani oil sold above $124 per barrel
# 15 October 2026 09:46 (UTC +04:00)

The price of Azerbaijani oil of the Azeri Light (CIF) grade has decreased in global markets, APA-Economics reports.

The price of a barrel of Azerbaijani oil fell by $3.73, or 2.92%, to $124.14.

Note that the previous price of Azerbaijani oil was $127.87 per barrel.

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

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