Baku: The price of Azerbaijani Azeri Light crude oil (CIF) has increased on global markets, APA-Economics reports. The price of a barrel of Azerbaijani oil rose by $0.9, or 0.95%, to $95.48.
According to Azeri-Press News Agency, this marks an increase from the previous price of $94.58 per barrel. Azerbaijan’s state budget for this year is based on an average price of $65 per barrel of Azeri Light crude oil.