The price of Azerbaijani oil approaches $120

ECONOMY11.09.2026
The price of Azerbaijani oil approaches $120

The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets.

“Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by $6.22 or 5.5%, reaching $119.54.

It should be noted that the previous price of Azerbaijani oil was $113.32.

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