Azerbaijani Oil Falls by 3%


The price of Azerbaijani oil has declined on the global market.

According to Yeniavaz.com, the price of one barrel of “Azeri Light” crude fell by $3.73, or 2.92%, to $124.14.

Azerbaijan’s state budget for this year is based on an average oil price of $65 per barrel.

It is worth noting that the lowest price for “Azeri Light” was recorded on April 21, 2020, at $15.81 per barrel, while its highest price was recorded in July 2008, when it reached $149.66.

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