Azerbaijan’s Azeri Light (CIF) crude oil has risen in price on global markets.
“Operative Information Center-OMM” reports that the price of Azerbaijani oil rose by $2.80 per barrel, or 2.8%, to $102.68.
Azerbaijan’s oil was previously priced at $99.88 per barrel.
Azerbaijan’s state budget for this year assumes an average price of $65 per barrel for Azeri Light crude.