Baku: Azerbaijani oil, specifically Azeri Light (CIF) crude oil, has seen a minor rise in global markets. The price per barrel increased by $0.08, or 0.11%, bringing the cost to $69.80 per barrel.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was noted at $69.72 per barrel. It is important to highlight that Azerbaijan's 2026 state budget has been calculated with an average oil price of $65 per barrel for Azeri Light crude.