The price of Azerbaijan’s Azeri Light (CIF) crude oil has increased on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by 0.53 US dollars, or 0.8%, reaching 67.04 US dollars.
It should be noted that the previous price of Azerbaijani oil was 66.51 US dollars.
Recall that in Azerbaijan’s state budget for this year, the average price of one barrel of “Azeri Light” crude oil is calculated at 70 US dollars.