The price of Azerbaijan’s Azeri Light (CIF) crude oil has decreased on global markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil fell by $2.3, or 1.98%, to $113.7.
Note that the previous price of Azerbaijani oil stood at $116 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.
