Azerbaijani oil continues to drop in price

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market decreased by $3.94, or 4.55%, to $82.61.

Report was informed by a source on the oil market.

The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms decreased by $3.95, or 4.68%, to $80.35 per barrel.

It should be noted that the oil price in Azerbaijan's state budget for this year is set at $65.

It is worth recalling that the minimum price for Azeri Light crude was recorded on April 21, 2020 ($15.81), and the maximum was in July 2008 ($149.66).