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 $0.60, or 0.48%, to $124.61.
The previous price of Azerbaijani oil was $124.01 per barrel.
Azerbaijan’s 2026 state budget is based on an average Azeri Light crude oil price of $65 per barrel.