AZ

Azeri Light crude price declines on world markets

The price of Azerbaijani Azeri Light (CIF) crude oil has decreased on world markets, APA-Economics reports.

The price of one barrel of Azerbaijani oil decreased by 4.09 US dollars, or 3.58%, to 114.14 US dollars.

Note that the previous price of Azerbaijani oil stood at 118.23 US dollars.

Recall that the average price of one barrel of Azerbaijani Azeri Light crude oil was calculated at 65 US dollars in Azerbaijan’s state budget for this year.

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