The price of Azerbaijan’s Azeri Light (CIF) crude oil has declined on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by $0.75, or 0.6%, to $124.01.
The previous price of Azerbaijani oil was $124.76 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 oil.