Baku:The price of Azerbaijani Azeri Light (CIF) crude oil has surged in global markets, according to APA-Economics. The cost of a single barrel of Azerbaijani oil has climbed by $2.25, or 1.88%, reaching $121.95.
According to Azeri-Press news agency, the previous price for Azerbaijani oil was recorded at $119.7 per barrel. Azerbaijan’s state budget for the current year was planned considering an average oil price of $65 per barrel for Azeri Light crude oil.