Bank Of Baku

Price of Azerbaijani oil exceeds $97

Price of Azerbaijani oil exceeds $97
# 22 August 2026 13:26 (UTC +04:00)

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

The price of a barrel of Azerbaijani oil rose by $0.44, or 0.46%, to $97.12.

The previous price of Azerbaijani oil was $96.68 per barrel.

It should be recalled that Azerbaijan’s state budget for this year was calculated based on an average Azeri Light crude oil price of $65 per barrel.

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