The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of a barrel of Azerbaijani oil rose by $2.28, or 2.5%, to $93.37.
It should be noted that the previous price of Azerbaijani oil stood at $91.04 per barrel.
Recall that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.