Bank Of Baku

Price of Azerbaijani oil nears $74

Price of Azerbaijani oil nears $74
# 31 July 2025 09:05 (UTC +04:00)

The price of Azerbaijani oil of the “Azeri Light” (CIF) brand has increased by more than 2 dollars on global markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil rose by 2.13 US dollars or 3%, reaching 73.64 US dollars.

Note that the previous price of Azerbaijani oil was 71.51 US dollars.

For reference, the average price of one barrel of “Azeri Light” oil was calculated at 70 US dollars in Azerbaijan’s state budget for this year.

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