Azerbaijani oil continues to rapidly fall in price

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market decreased by 3.84 dollars or 5.22% - to 69.64 dollars.

As BAKU.WS reports, following the trading results, the price of June futures for Brent crude oil was 67.9 dollars.

The price of Azerbaijani oil in Turkish Ceyhan under FOB terms decreased by 3.79 dollars or 5.28% - to 68.02 dollars per barrel.

In Azerbaijan's state budget for this year, the oil price is set at 70 dollars.

Recall that the minimum price for Azeri Light oil was recorded on April 21, 2020 (15.81 dollars), and the maximum - in July 2008 (149.66 dollars).