Bank Of Baku

Azeri Light crude oil price declines on global markets

Azeri Light crude oil price declines on global markets
# 03 July 2026 09:55 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil fell by $0.65, or 0.9%, to $71.81.

Note that the previous price of Azerbaijani oil was $72.46 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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