Azerbaijani oil sharply declined on the world market

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market decreased by 3.63 dollars, or 4.95%, to 69.72 dollars.

As reported by BAKU.WS, Report was informed of this by a source in the oil market.

The price of Azerbaijani oil in Turkish Ceyhan under FOB terms decreased by 3.58 dollars, or 5.06%, to 67.16 dollars per barrel.

In Azerbaijan's state budget for this year, the oil price is set at the level of 65 dollars.

It should be noted 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).