Baku:Azerbaijani oil has fallen by more than $3 on the global market, APA-Economics reports. The price of a barrel of Azerbaijani Azeri Light crude oil decreased by $3.14, or 2.50%, to $122.28.

According to Azeri-Press news agency, previously, Azerbaijani oil was traded at $125.42 per barrel.

Note that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.