Azeri Light crude oil prices decline on global market

09:42 | 318

The price of Azerbaijan’s Azeri Light crude oil (CIF) has declined on global markets, SİA reports.

The price per barrel of Azeri Light fell by $0.25, or 0.36%, to $69.87. The previous price of Azerbaijani crude was $70.12 per barrel.

For context, Azerbaijan’s state budget for this year was calculated based on an average price of $70 per barrel for Azeri Light crude.

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