Baku: The price of Azerbaijani oil, specifically the “Azeri Light” (CIF) brand, has experienced a decline in global markets. The price per barrel has decreased by 1.66 USD, which represents a 2.35% drop, bringing it down to 68.88 USD.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 70.54 USD per barrel. It is noteworthy that the state budget of Azerbaijan for this year had anticipated the average price of a barrel of “Azeri Light” oil to be 65 USD.