Baku: Azerbaijan’s Azeri Light (CIF) crude oil has become more expensive on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil increased by USD 0.95, or 1.52%, reaching USD 63.4.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil stood at USD 62.45. It is noteworthy that in Azerbaijan’s state budget for this year, the average price of one barrel of Azeri Light crude oil was calculated at USD 70.