AZ

Azerbaijani oil price drops below $70

The price of Azerbaijan’s “Azeri Light” (CIF) crude oil on global markets has edged down slightly, APA-Economics reports.

The price of one barrel of Azerbaijani oil fell by USD 2.42, or 3.37%, to USD 69.29.

Note that the previous price of Azerbaijani oil was USD 71.71 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 65.

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