Azeri Light (CIF) branded Azerbaijani oil has become cheaper on world markets, APA-Economics reports.
The price of one barrel of Azerbaijani oil decreased by $2.04 or 1.8% to $113.48.
Note that the previous price of Azerbaijani oil was $115.52.
Recall that the average price of one barrel of Azeri Light branded Azerbaijani oil was calculated at $65 in Azerbaijan’s state budget for this year.