Bank Of Baku

Azeri Light crude remains above $100 despite price decline

Azeri Light crude remains above $100 despite price decline
# 29 May 2026 10:15 (UTC +04:00)

Azerbaijan’s oil has fallen by nearly $2, APA-Economics reports.

The price of one barrel of Azeri Light crude, Azerbaijan’s benchmark oil grade, stood at $100.57. This is $1.73, or 1.69%, lower than the previous price.

It should be noted that the previous trading price of Azerbaijani oil was $102.30 per barrel.

It should be recalled that the average price of Azerbaijani oil in the 2026 state budget was set at $65 per barrel.

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