The price of Azerbaijani Azeri Light crude oil on the world market increased by 1.3% to $95.16 per barrel.
AI will summarize what happened, why it matters and what it means for business.
The price of one barrel of Azerbaijani Azeri Light crude oil on the world market rose by $1.23, or 1.3%, to $95.16.
At the close of trading, the price of September futures for Brent crude stood at $91.92.
The price of Azerbaijani oil in Turkey's Ceyhan on FOB terms increased by $1.37, or 1.5%, to $92.32 per barrel.
In Azerbaijan's state budget for this year, the oil price is set at $65.
Azeri Light oil price was below $95.16 per barrel
The price of Azeri Light oil rose by 1.3% to $95.16 per barrel.
Further oil price dynamics are expected depending on global factors.
Why crude has several prices, what an Azeri Light premium or discount means and which numbers matter for Azerbaijan.
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