The price of Azerbaijan's Azeri Light (CIF) crude oil has declined on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by $1.18, or 1.49%, to $77.91.
The previous price of Azerbaijani oil stood at $79.09 per barrel.
It should be recalled that Azerbaijan's 2026 state budget is based on an average price of $65 per barrel for Azeri Light crude oil.