Bank Of Baku

Azerbaijani oil trades at $120

Azerbaijani oil trades at $120
# 07 October 2026 09:34 (UTC +04:00)

The price of Azerbaijan’s Azeri Light (CIF) crude oil has fallen on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil decreased by $3.93, or 3.15%, to $120.68.

The previous price of Azerbaijani oil was $124.61 per barrel.

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

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