The price of Azerbaijan’s “Azeri Light” (CIF) crude oil has decreased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by $0.03, or 0.04%, to $72.75.
Note that the previous price of Azerbaijani oil stood at $72.78 per barrel.
Recall that Azerbaijan’s state budget for this year was calculated based on an average price of $65 per barrel of “Azeri Light” crude.