Bank Of Baku

Azerbaijani oil trades above $122 per barrel

Azerbaijani oil trades above $122 per barrel
# 17 September 2026 09:40 (UTC +04:00)

The price of Azerbaijani oil has traded above $122 per barrel, APA-Economics reports.

The price of a barrel of Azerbaijani Azeri Light crude fell by $5.88, or 4.83%, to $122.15.

Previously, Azerbaijani oil was traded at $128.03 per barrel.

Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.

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