Bank Of Baku

Azeri Light oil price nears $118 per barrel

Azeri Light oil price nears $118 per barrel
# 23 September 2026 09:38 (UTC +04:00)

The price of Azerbaijani oil has increased on the global market, APA-Economics reports.

The price of a barrel of Azerbaijan’s Azeri Light crude oil increased by $0.91, or 0.78%, to $117.74.

Azerbaijani oil had previously traded at $116.83 per barrel.

Note that Azerbaijan’s 2026 state budget assumes an average oil price of $65 per barrel.

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