The price of Azerbaijan’s Azeri Light (CIF) crude oil has slightly increased on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by $0.79, or 1.14%, reaching $70.36.
Note that the previous price of Azerbaijani oil stood at $69.57 per barrel.
Recall that in this year’s state budget of Azerbaijan, the average price of one barrel of Azeri Light crude oil was calculated at $65.