Azeri Light crude oil has decreased in price

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market decreased by $2.58, or 2.11%, amounting to $119.68.

Report was informed by a source on the oil market.

The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms decreased by $2.52, or 2.11%, to $116.46.

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

As a reminder, the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum — in July 2008 ($149.66).