Azeri Light Crude Advances to $121.95 per Barrel on Global Markets

Prices for Azerbaijan's flagship crude oil blend, Azeri Light (CIF), have risen on international markets. According to data reported by SOCAR, the price of a barrel gained $2.25, or 1.88%, to reach $121.95.

In the preceding trading session, Azeri Light was assessed at $119.70 per barrel. In Azerbaijan's current state budget, the baseline benchmark price for crude oil is projected at $65 per barrel.

N. Tebrizli