The price of Azerbaijan's Azeri Light crude oil (CIF) has increased on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by US$8.54, or 8.5%, to US$109.10.
It should be noted that the previous price of Azerbaijani oil stood at US$100.56 per barrel.
Recall that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of US$65 per barrel.