Baku: The price of Azerbaijan’s ‘Azeri Light’ crude oil (CIF) is approaching $69 per barrel on global markets: APA-Economics reports. The cost per barrel rose by $0.39, or 0.6%, to $68.70, up from the previous price of $68.31.
According to Azeri-Press News Agency, Azerbaijan’s state budget for this year was based on an average price of $70 per barrel for ‘Azeri Light’ crude.