The price of Azerbaijani Azeri Light crude oil (CIF) has increased on world markets, APA-Economics reports
The price of one barrel of Azerbaijani oil rose by $0.49, or 0.51%, to $96.85.
Noe that the previous price of Azerbaijani oil stood at $96.36 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.