Baku: Azeri Light (CIF) crude oil from Azerbaijan has experienced a decline in world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil fell by USD 0.48, or 0.7%, reaching USD 67.86.

According to Azeri-Press News Agency, the previous price of Azerbaijani oil was USD 68.34 per barrel. It is important to note that Azerbaijan's state budget for this year was calculated based on an average price of USD 65 per barrel for Azeri Light crude.