The price of Azerbaijani oil has increased on the global market, APA-Economics reports.
The price of a barrel of Azerbaijan’s Azeri Light crude oil rose by $3.69, or 3.13%, to $121.43.
Previously, Azerbaijani oil was trading at $117.74 per barrel.
Note that Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.