Baku: Azeri Light (CIF) crude oil from Azerbaijan has declined in price on global markets, APA-Economics reports. The price of one barrel of Azerbaijani oil decreased by 0.58 US dollars, or 0.80%, to 72.20 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at 72.78 US dollars. It is noteworthy that the average price of one barrel of Azeri Light crude oil was calculated at 65 US dollars in Azerbaijan’s state budget for this year.