Azeri Light Crude Price Drops to $91.31 Per Barrel

The price of Azeri Light crude oil has declined by $1.24 per barrel, or 1.34%, to $91.31 on the global market.

This drop was reported by a source in the oil market and is based on current trading data.

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

The lowest recorded price of Azeri Light was $15.81 per barrel on April 21, 2020, while its highest price of $149.66 was reached in July 2008.