Bank Of Baku

Azerbaijani oil trades at $118

Azerbaijani oil trades at $118
# 30 September 2026 10:07 (UTC +04:00)

The price of Azerbaijani oil has decreased on the global market, APA-Economics reports.

According to the results of the previous day, the price of a barrel of Azerbaijan’s Azeri Light crude oil fell by $4.27, or 3.5%, to $118.22.

Previously, Azerbaijani oil was trading at $122.49.

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

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