Azerbaijani oil price drops by more than $5
The price of one barrel of Azerbaijan’s Azeri Light crude oil has fallen by $5.1.
TodayPress TV reports that the price of Azeri Light on the global market decreased by $5.1, or 4.11%, to $119.04 per barrel.
Azerbaijan’s state budget for this year is based on an average oil price of $65 per barrel.
It should be recalled that the lowest price for Azeri Light was recorded on April 21, 2020, at $15.81 per barrel, while its highest price was registered in July 2008, at $149.66 per barrel.
