The price of Azerbaijani oil on the global market has exceeded $107 per barrel, APA-Economics reports.
The price of a barrel of Azerbaijan’s Azeri Light crude oil rose by $3.11, or 2.98%, to $107.31.
Previously, Azerbaijani oil was traded at $104.20 per barrel.
Note that the average oil price in Azerbaijan’s 2026 state budget is set at $65 per barrel.