The price of Azerbaijan’s Azeri Light (CIF) crude oil has decreased on the global markets, APA-Economics reports.
The price of Azerbaijani oil per barrel fell by $12.69 or 12.3%, reaching $90.34.
It should be noted that the previous price of Azerbaijani oil stood at $103.03 per barrel.
Recall that in Azerbaijan’s state budget for this year, the average price of Azeri Light crude oil has been calculated at $65 per barrel.
