Bank Of Baku

Azerbaijani oil traded above $96 per barrel

Azerbaijani oil traded above $96 per barrel
# 04 August 2026 09:30 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil fell by $5.14, or 5.05%, to $96.73.

Note that the previous price of Azerbaijani oil stood at $101.87 per barrel.

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

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