Azeri Light crude oil has become cheaper

The price of a barrel of Azerbaijani Azeri Light crude oil on the world market decreased by 0.49 dollars, or 0.67%, to 72.18 dollars.

A source in the oil market informed Report about this.

At the end of trading, the price of September futures for Brent crude oil was 71.28 dollars.

In the Turkish port of Ceyhan, a barrel of Azerbaijani oil on FOB basis became cheaper by 0.49 dollars, or 0.68%, amounting to 70.87 dollars.

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