Baku: The price of Azerbaijan's Azeri Light crude oil (CIF) has seen an increase on the global markets. The price of one barrel of Azeri Light crude rose by $1.83, or 1.85%, to reach $100.56.

According to Azeri-Press news agency, the previous price of Azeri Light crude was $98.73 per barrel. It is noteworthy that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel for Azeri Light.