Azerbaijani oil is trading above $122

ECONOMY01.05.2026
Azerbaijani oil is trading above $122

Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets.

elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.06 USD or 0.05%, amounting to 122.26 USD.

It should be noted that the previous price of Azerbaijani oil was 122.32 USD.

We remind you that in Azerbaijan’s state budget for this year, the average price of 1 barrel of “Azeri Light” brand Azerbaijani oil was calculated at 65 USD.