Azeri Light was selling 45.4% higher than budgeted in 1H26

Economic Department
Author

In the first half of 2026, the average export price of one barrel of Azeri Light crude oil on the global market was $94.5, which is 45.4% higher than the price assumed in the calculation of the initially approved budget parameters for 2026 ($65), according to the Azerbaijani Ministry of Finance's document titled "Report on the Execution of the 2026 State and Consolidated Budgets for the First Half of the Year and Expectations for Year-End," Report informs.

According to the document, the average price of Azerbaijani oil was $58.4 in January, $71.1 in February, $106.4 in March, $120.1 in April, $111.8 in May, and $89 in June.

Other News

Gold prices fall sharply as stronger US inflation boosts dollar 14 October, 2026 / 23:30
Davr Bank renamed ABB Davr Bank as management is restructured 14 October, 2026 / 21:56
Azerbaijani delegation attends IMF, World Bank Annual Meetings in Bangkok 14 October, 2026 / 19:55
Kazakhstan's new IMF contribution to benefit Azerbaijan 14 October, 2026 / 18:11
Azerbaijan, Chile discuss cooperation in financial markets 14 October, 2026 / 16:28
IMF provides strategic planning recommendations to Azerbaijan's Central Bank 14 October, 2026 / 15:54
Azerbaijani delegation participates in annual meetings of WB/IMF in Bangkok 14 October, 2026 / 10:15
CBA currency exchange rates (14.10.2026) 14 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (14.10.2026) 14 October, 2026 / 09:08
Average monthly salary in Nakhchivan rises 6.1% 13 October, 2026 / 16:22
Fitch: High returns on equity drive CIS+ banks to make acquisitions abroad 13 October, 2026 / 16:19
Azerbaijan preparing amendments to legislation on crypto assets 13 October, 2026 / 15:41
Central banks of Azerbaijan and Uzbekistan discuss prospects for further cooperation 13 October, 2026 / 15:19
GDP of Azerbaijan's Nakhchivan up 3.5% in Jan-Sept 2026 13 October, 2026 / 15:09
Azerbaijan to assess credit risk based on bank card transactions 13 October, 2026 / 14:48
Turkic states need unified digital wallet, Kyrgyz banker says 13 October, 2026 / 14:06
AzFina: Development of digital financial ecosystem entails new risks 13 October, 2026 / 12:09
Turkic states plan to establish common payment systems 13 October, 2026 / 11:59
Azerbaijani fintech companies to test products in Turkic states 13 October, 2026 / 11:50
Azerbaijan's CBA developing data and AI governance framework 13 October, 2026 / 11:42