The price of Azerbaijani oil on the global market has dropped sharply, falling below $107, APA-Economics reports.
The price of a barrel of Azerbaijani Azeri Light crude oil decreased by $6.64, or 5.85%, to $106.81.
Previously, Azerbaijani oil was traded at $113.45 per barrel.
Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.