Baku: The price of Azerbaijani oil on the global market has approached $93. The price of a barrel of Azerbaijan's Azeri Light crude oil increased by $0.58, or 0.63%, to $92.89. According to Azeri-Press News Agency, previously, Azerbaijani oil was traded at $92.31 per barrel. Note that the average oil price in Azerbaijan's 2026 state budget was set at $65 per barrel.