The price of Azerbaijani oil has decreased on the global market, APA-Economics reports, citing market data.
The price of a barrel of Azerbaijan’s Azeri Light crude fell by $2.48, or 1.96%, to $123.46.
Azeri Light had previously traded at $125.94 per barrel.
Note that Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.