Azeri Light (CIF) Azerbaijani oil has increased in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $4.59, or 3.8%, reaching $125.03.
Note that the previous price of Azerbaijani oil stood at $120.44 per barrel.
Recall that in Azerbaijan’s state budget for this year, the average price of Azeri Light crude oil is calculated at $65 per barrel.
