Baku: The price of Azerbaijani oil on the global market has exceeded $107 per barrel. The price of a barrel of Azerbaijan’s Azeri Light crude oil rose by $3.11, or 2.98%, to $107.31. Previously, Azerbaijani oil was traded at $104.20 per barrel.
According to Azeri-Press News Agency, the average oil price in Azerbaijan’s 2026 state budget is set at $65 per barrel.