The price of Azerbaijan’s Azeri Light crude oil (CIF) has increased on global markets, APA reports.
The price of one barrel of Azerbaijani oil rose by $1.04, or 0.88%, to $119.26.
The previous price of Azeri Light crude stood at $118.22 per barrel.
Azerbaijan’s 2026 state budget was calculated based on an average Azeri Light oil price of $65 per barrel.