The price of "Azeri Light" crude oil rose to 124.61 dollars

The price of one barrel of Azerbaijani Azeri Light crude oil on the world market increased by $0.6, or 0.48%, to $124.61.

Report was informed by a source on the oil market.

The price of Azerbaijani oil at Turkey's Ceyhan under FOB terms decreased by $0.93, or 0.81%, to $113.81 per barrel.

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