Baku: Azeri Light (CIF) Azerbaijani oil has seen a slight reduction in price on world markets, APA-Economics reports. The price for one barrel of Azerbaijani oil has decreased by 0.07 US dollars, or 0.11%, bringing the current price to 65.73 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 65.80 US dollars. It is important to note that in Azerbaijan’s state budget for this year, the average price for one barrel of Azeri Light oil was set at 65 US dollars.