The price of Azerbaijan's Azeri Light (CIF) crude oil declined by nearly $3 during the latest trading session on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by USD 2.98, or 3.6%, to USD 79.09.
Note that the previous price of Azerbaijani oil stood at USD 82.07 per barrel.
Recall that Azerbaijan's 2026 state budget is based on an average price of USD 65 per barrel for Azeri Light crude oil.