After peaking above key benchmarks earlier in the decade, oil prices have entered a period of recalibration. Market forecasts for 2026 point to continued downward pressure on Brent crude amid ample supply and easing demand growth, setting a cautious backdrop for oil-exporting states, including Azerbaijan and its flagship Azeri Light blend. Energy market analysts are projecting that Brent crude oil will average around $65 per barrel in 2026, a figure unchanged from earlier forecasts and slightly below the projected...
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