Azerbaijani Azeri Light (CIF) crude oil has fallen in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by $1.42, or 1.5%, to $92.55.
Note that the previous price of Azerbaijani oil was $93.97.
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.