10:07 - 5.08.2026

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August 5, Fineko/abc.az. The price of Azerbaijan's flagship Azeri Light crude oil experienced a sharp decline on the global market.

The price for one barrel of Azeri Light decreased by $5.05, or 5.22%, to stand at $91.68.

For context, the historical minimum price for Azeri Light was recorded on April 21, 2020, at $15.81 per barrel, while its all-time high was reached in July 2008 at $149.66 per barrel.