Bank Of Baku

Azerbaijani oil trades at $124

Azerbaijani oil trades at $124
# 03 October 2026 08:51 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil decreased by $0.75, or 0.6%, to $124.01.

The previous price of Azerbaijani oil was $124.76 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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