The price of Azerbaijan's Azeri Light crude oil (CIF) increased on global markets, APA-Economics reports.
The price of one barrel of Azeri Light crude rose by $4.82 to $98.73.
The previous price of Azerbaijani crude stood at $93.91 per barrel.
Note that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.