The price of Azeri Light (CIF) crude oil has decreased on the world market, APA-Economics reports.
The price of a barrel of Azerbaijani oil has decreased by USD 0.79 or 1% to stand at USD 78.04.
Note that the average price of a barrel of Azeri Light brand oil was 103,58 US dollars in 2022. Last year, "Azeri Light" (CIF) oil price increased by 44.6% compared to the indicator of 2021.
During 2022, the highest price of Azeri Light (CIF) brand oil was 135,99 US dollars per barrel on March 8, and the lowest price was recorded at 78,07 US dollars on December 8.