The price of Azerbaijani oil of the Azeri Light (CIF) grade has increased in global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil rose by USD 3.21, or 4.68%, to USD 71.75.
Note that the previous price of Azerbaijani oil was USD 68.54 per barrel.
Recall that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light crude oil was calculated at USD 65.