The price of Azerbaijan’s Azeri Light (CIF) crude oil has fallen on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by $3.93, or 3.15%, to $120.68.
The previous price of Azerbaijani oil was $124.61 per barrel.
Recall that Azerbaijan’s 2026 state budget was calculated based on an average price of $65 per barrel for Azeri Light crude oil.