The price of Azerbaijani oil has dropped to $116 per barrel

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market decreased by $2.78 or 2.33%, amounting to $116.26.

Report was informed by a source on the oil market.

The price of December futures for Brent crude oil was $116.59 per barrel.

The price of one barrel of Azeri Light on an FOB basis at the Turkish port of Ceyhan fell by $3.07 or 2.83%, to $105.42.

In the state budget of Azerbaijan for the current year, the average price of 1 barrel of oil is calculated based on $65.