Azeri Light (CIF) crude oil from Azerbaijan has declined in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by 0.58 US dollars, or 0.80%, to 72.20 US dollars.
Note that the previous price of Azerbaijani oil stood at 72.78 US dollars.
Recall that the average price of one barrel of Azeri Light crude oil was calculated at 65 US dollars in Azerbaijan’s state budget for this year.