Azerbaijani oil of the Azeri Light (CIF) brand has become cheaper on world markets, APA-Economics reports.
The price of 1 barrel of Azerbaijani oil has decreased by 0.68 US dollars or 1%, amounting to 65.32 US dollars.
Note that the previous price of Azerbaijani oil was 66 US dollars.
Recall that in Azerbaijan’s state budget for this year, the average price of 1 barrel of Azeri Light brand Azerbaijani oil has been calculated at 70 US dollars.