Baku: The price of Azerbaijani oil branded Azeri Light (CIF) has decreased in world markets.
According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil has dropped by 0.5 US dollars or 0.68%, reaching 72.85 US dollars. This marks a decrease from the previous price of 73.35 US dollars per barrel.
The changes in the oil price reflect ongoing fluctuations in global oil markets, impacting the pricing of Azerbaijani oil exports. The recent decrease may influence economic forecasts and planning within Azerbaijan’s energy sector.