Azerbaijan: Azerbaijan's Azeri Light (CIF) crude oil has become cheaper on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil decreased by USD 1.32, or 1.94%, to USD 66.63.

According to Azeri-Press news agency, the previous price of Azerbaijani oil stood at USD 67.95. It is noteworthy that in this year's state budget of Azerbaijan, the average price of one barrel of Azeri Light crude oil had been calculated at USD 65. This latest price change indicates a downward trend in the market value of Azeri Light crude oil.