Azerbaijan’s “Azeri Light” (CIF) crude oil has decreased in price on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by 0.51 US dollars, or 0.71%, to 71.46 US dollars.
It should be noted that the previous price of Azerbaijani oil stood at 71.97 US dollars per barrel.
Recall that in Azerbaijan’s state budget for this year, the average price of one barrel of “Azeri Light” crude oil was calculated at 65 US dollars.