Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has declined on global markets, with a notable decrease in its per barrel cost. The price of Azerbaijani oil per barrel fell by USD 1.13, or 1.72%, to USD 64.6.
According to Azeri-Press news agency, the previous price of Azerbaijani oil stood at USD 65.73. It is important to recall that the average price of one barrel of Azeri Light crude oil in Azerbaijan’s state budget for this year was calculated at USD 65.