Bank Of Baku

Azerbaijani oil sold for $72

Azerbaijani oil sold for $72
# 02 July 2026 10:08 (UTC +04:00)

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

The price of one barrel of Azerbaijani crude fell by $2.88 to $72.46.

Note that the previous price of Azerbaijani crude stood at $75.34 per barrel.

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

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