Paşha Bank
Bank Of Baku

Azerbaijani oil trades at $116 per barrel

Azerbaijani oil trades at $116 per barrel
# 17 October 2026 11:27 (UTC +04:00)

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

The price of Azerbaijani oil decreased by $2.78, or 2.34%, to $116.26 per barrel.

Note that the previous price of Azerbaijani oil stood at $119.04 per barrel.

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

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