Modern.az

Sharp decline in Azerbaijani oil: price dropped by 10 dollars

Sharp decline in Azerbaijani oil: price dropped by 10 dollars

Economy

7 May 2026, 09:32

The price of one barrel of Azerbaijani oil brand "Azeri Light" decreased by 9.57 US dollars.

Modern.az reports that the price of one barrel of Azerbaijani oil brand "Azeri Light" in the world market decreased by 9.57 US dollars or 8.07% to 108.99 US dollars.

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

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

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