Azerbaijan’s Azeri Light (CIF) crude oil has become cheaper on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by USD 1.32, or 1.94%, to USD 66.63.
Note that the previous price of Azerbaijani oil stood at USD 67.95.
Recall that in this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light crude oil was calculated at USD 65.