The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $6.57, or 6.7%, reaching $104.58.
Note that the previous price of Azerbaijani oil stood at $98.01 per barrel.
Recall that Azerbaijan’s 2026 state budget was calculated based on an average oil price of $65 per barrel for Azeri Light crude.
