The price of Azerbaijani oil of the Azeri Light (CIF) grade has decreased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by $2.52, or 3.04%, to $80.43.
Note that the previous price of Azerbaijani oil was $82.95 per barrel.
Recall that Azerbaijan’s 2026 state budget was calculated based on an average oil price of $65 per barrel for Azeri Light crude.