Baku – The price of Azeri Light (CIF) crude oil has seen an increase in the world market, as per a report by APA-Economics. The price of a barrel of Azerbaijani oil rose by USD 0.38 or 0.45%, reaching USD 85.40.

According to Azeri-Press News Agency, Notably, the average price of Azeri Light brand oil was USD 103.58 per barrel in 2022. Last year, the price of Azeri Light (CIF) oil experienced a 44.6% increase compared to its value in 2021.