Azerbaijan’s Azeri Light crude oil (CIF) has seen a slight increase in price on global markets, APA-Economics.
The price of one barrel of Azerbaijani oil rose by $1.25, or 1.8%, reaching $70.54.
Note that the previous price of Azerbaijani oil stood at $69.29 per barrel.
Recall that Azerbaijan’s state budget for this year is calculated based on an average price of $65 per barrel for Azeri Light crude.
