Bank Of Baku

Azerbaijani oil trades above $106 on global markets

Azerbaijani oil trades above $106 on global markets
# 27 May 2026 10:20 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil fell by $3.57, or 3.24%, to $106.48.

Note that the previous price of Azerbaijani oil stood at $110.05 per barrel.

Recall that the average price of one barrel of Azerbaijani oil branded Azeri Light was set at $65 in Azerbaijan’s state budget for this year.

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