The price of Azeri Light approached $123 per barrel

The price of a barrel of Azerbaijani Azeri Light crude oil on the world market increased by $1.29, or 1.07%, to $122.37.

Report was informed by a source on the oil market.

The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms increased by $0.80, or 0.69%, to $116.3 per barrel.

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

It is worth recalling that the minimum price for Azeri Light oil was recorded on April 21, 2020 ($15.81), and the maximum was in July 2008 ($149.66).