The price of Azerbaijani oil branded “Azeri Light” (CIF) has increased on global markets, APA-Economics reports.
The price of Azerbaijani oil rose by $1.83, or 2.58%, to $72.78 per barrel.
Note that the previous price of Azerbaijani oil stood at $70.95 per barrel.
Recall that in this year’s state budget of Azerbaijan, the average price of one barrel of “Azeri Light” oil was calculated at $65.