The price of Azeri Light crude oil, Azerbaijan's benchmark, has seen a significant increase on global markets. According to APA-Economics reports, the price rose by $3.29, or 3.34%, to reach $101.87 per barrel.
This is up from the previous price of $98.58 per barrel. It's worth noting that Azerbaijan's 2026 state budget is based on an average Azeri Light oil price of $65 per barrel.
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