Azerbaijan’s Azeri Light (CIF) crude oil has become cheaper on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by USD 0.7, or 1.1%, to USD 63.73.
It should be noted that the previous price of Azerbaijani oil was USD 64.43 per barrel.
It is recalled that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light crude oil was calculated at USD 70.