The price of Azerbaijani oil has decreased on the global market, APA-Economics reports.
According to the results of the previous day, the price of a barrel of Azerbaijan’s Azeri Light crude oil fell by $4.27, or 3.5%, to $118.22.
Previously, Azerbaijani oil was trading at $122.49.
Note that Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.