The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $2.68, or 3.02%, to $91.50.
It should be noted that the previous price of Azerbaijani oil stood at $88.82 per barrel.
It should be recalled that Azerbaijan's 2026 state budget was based on an average Azeri Light oil price of $65 per barrel.
The all-time low for Azeri Light was $15.81 per barrel on April 21, 2020, while its record high was $149.66 per barrel in July 2008.
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