The price of Azerbaijani Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by $3.95, or 4.36%, to $86.55.
Note that the previous price of Azerbaijani oil stood at $90.5 per barrel.
Recall that the average price of one barrel of Azeri Light crude oil was calculated at $65 in Azerbaijan’s state budget for this year.