Modern.az

Price of Azerbaijani oil approaches $70

Price of Azerbaijani oil approaches $70

Economy

4 February 2026, 09:18

The price of 1 barrel of Azerbaijani "Azeri Light" crude oil increased by 0.08 US dollars or 0.11 %.

Modern.az reports that the price of 1 barrel of Azerbaijani "Azeri Light" crude oil in the world market increased by 0.08 US dollars or 0.11 %, reaching 69.8 US dollars.

In Azerbaijan's state budget for this year, the average price of one barrel of oil was calculated at 65 US dollars.

It should be recalled that the lowest price for "Azeri Light" crude oil was recorded on April 21, 2020 (15.81 US dollars), and the highest price in July 2008 (149.66 US dollars).

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