The price of Azerbaijan's Azeri Light (CIF) crude oil has increased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $1.24, or 1.67%, to $75.60.
Note that the previous price of Azerbaijani oil stood at $74.36.
Recall that Azerbaijan's 2026 state budget was calculated based on an average price of $65 per barrel for Azeri Light crude oil.