Azerbaijani oil price exceeds $103

The price of Azerbaijan’s “Azeri Light” (CIF) crude oil has increased on world markets.

The price of Azerbaijani oil rose by $8.41 or 8.9%, reaching $103.03 per barrel.

It should be noted that the previous price of Azerbaijani oil stood at $94.62 per barrel.

Recall that the average price of “Azeri Light” crude oil in Azerbaijan’s state budget for this year has been calculated at $65 per barrel.