The price of Azerbaijan’s Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.
The price per barrel of Azerbaijani oil fell by 5.55 US dollars, or 4.68%, to 113.01 US dollars.
Note that the previous price of Azerbaijani oil stood at 118.56 US dollars per barrel.
Recall that Azerbaijan’s state budget for this year is based on an average price of 65 US dollars per barrel of Azeri Light crude oil.
