The price of Azerbaijan's Azeri Light crude oil (CIF) has increased on global markets, APA-Economics reports.
The price of one barrel of Azeri Light crude rose by $6.97, or 7.64%, to $98.19.
The previous price of Azerbaijani crude stood at $91.22 per barrel.
Note that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.