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Demand for Azerbaijani oil increases in the world - record price

Demand for Azerbaijani oil increases in the world - record price

Economy

19 May 2026, 09:10

The price of one barrel of Azerbaijani oil of "Azeri Light" brand increased by 1.75 US dollars.

Modern.az reports that the price of one barrel of "Azeri Light" brand Azerbaijani oil in the world market increased by 1.75 US dollars or 1.5% to 118.16 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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