Azeri Light (CIF) Azerbaijani oil has declined in global markets, APA-Economics reports.
The price of Azerbaijani oil per barrel decreased by 20.24 US dollars, or 14.4%, to 120.44 US dollars.
Note that the previous price of Azerbaijani oil stood at 140.68 US dollars.
Recall that the average price of Azeri Light oil per barrel in Azerbaijan’s state budget for this year is calculated at 65 US dollars.
