Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has seen a decrease on global markets, as reported by APA-Economics. The oil’s price fell by $3.87, representing a 4.49% drop, bringing it down to $82.29 per barrel.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was recorded at $86.16 per barrel. It is worth recalling that Azerbaijan’s 2026 state budget had anticipated an average price of $65 per barrel for Azeri Light crude.