Bank Of Baku

Price of Azerbaijani oil approaches $125 per barrel

Price of Azerbaijani oil approaches $125 per barrel
# 02 October 2026 09:42 (UTC +04:00)

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

Tthe price of one barrel of Azerbaijani oil rose by $5.5, or 4.6%, to $124.76.

The previous price of Azeri Light stood at $119.26 per barrel.

Azerbaijan’s 2026 state budget was calculated based on an average Azeri Light oil price of $65 per barrel.

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