Baku: Azerbaijan’s Azeri Light (CIF) crude oil price has increased in global markets, reaching $66.95 per barrel.
According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil rose by $0.41, or 0.62%, from its previous price of $66.54.
It is important to note that in Azerbaijan’s state budget for this year, the average price of one barrel of ‘Azeri Light’ crude oil is calculated at $70.