Bank Of Baku

Azeri Light crude oil price rises on world markets

Azeri Light crude oil price rises on world markets
# 04 June 2026 09:36 (UTC +04:00)

Azerbaijani oil of the Azeri Light (CIF) grade has risen in price on world markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil increased by $2.72, or 2.68%, to $104.40.

Note that the previous price of Azerbaijani oil was $101.68 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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