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Commodities

Azerbaijani Oil Price Surges Past $93 Per Barrel

Guavy AI Editorial Team
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Oil
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The price of Azerbaijani oil has increased on global markets, according to APA-Economics. The price of one barrel of Azeri Light crude oil (CIF) rose by $0.56, or 0.6%, to $93.93. This is an increase from the previous price of $93.37 per barrel.

Azerbaijan's state budget for this year was calculated based on an average price of $65 per barrel of Azeri Light crude oil, which is significantly lower than the current market price.

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