Bank Of Baku

Azeri Light crude oil price rises on global markets

Azeri Light crude oil price rises on global markets
# 30 June 2026 09:42 (UTC +04:00)

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

The price of one barrel of Azerbaijani oil rose by $1.24, or 1.67%, to $75.60.

Note that the previous price of Azerbaijani oil stood at $74.36.

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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