Azerbaijan’s Azeri Light (CIF) crude oil price has declined on global markets, APA-Economics reports.
The price of Azerbaijani oil fell by $3.63 per barrel, or 4.95%, to $69.72.
Note that the previous price of Azerbaijani oil was $73.35 per barrel.
Recall that Azerbaijan’s state budget for this year is based on an average Azeri Light oil price of $65 per barrel.
