Azerbaijan’s Azeri Light (CIF) crude oil has become cheaper on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by USD 1.05, or 1.6%, to USD 65.57.
Note that the previous price of Azerbaijani oil stood at USD 66.62 per barrel.
Recall that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light crude oil was calculated at USD 70.
