Paşha Bank
Bank Of Baku

Latest trading price of Azerbaijani oil nears $107

Latest trading price of Azerbaijani oil nears $107
# 05 November 2026 09:37 (UTC +04:00)

The price of Azerbaijani oil on the global market has dropped sharply, falling below $107, APA-Economics reports.

The price of a barrel of Azerbaijani Azeri Light crude oil decreased by $6.64, or 5.85%, to $106.81.

Previously, Azerbaijani oil was traded at $113.45 per barrel.

Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.

 

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