Bank Of Baku

Azeri Light crude rises above $100 on global markets

Azeri Light crude rises above $100 on global markets
# 23 July 2026 09:48 (UTC +04:00)

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

The price of one barrel of Azeri Light crude rose by $1.83, or 1.85%, to $100.56.

The previous price of Azeri Light crude stood at $98.73 per barrel.

Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel for Azeri Light.

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