The price of Azerbaijan’s Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.
According to the data, the price of one barrel of Azerbaijani oil fell by 7.27 US dollars, or 5.78%, to 118.56 US dollars.
Note that the previous price of Azerbaijani oil was 125.83 US dollars.
Recall that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light crude oil is calculated at 65 US dollars.
