Baku: The price of Azerbaijani oil branded Azeri Light (CIF) has decreased on world markets, as reported by APA-Economics. The price per barrel experienced a decline of 3.15%, now standing at 105.55 US dollars.
According to Azeri-Press News Agency, the previous price of Azerbaijani oil was 108.99 US dollars per barrel. This recent shift in pricing highlights a significant fluctuation in the market. It’s noteworthy that the average price of one barrel of Azeri Light oil was estimated at 65 US dollars in Azerbaijan’s state budget for the year.