Azerbaijani oil drops by over 1%

Kanan Sadigov
Author

1 October 2022 / 04:48

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $1.17 or 1.4% to $91.68 per barrel, Report informs.

Yesterday, the Brent crude price traded at $87.96 per barrel.

The average oil price in Azerbaijan''s state budget for 2022 was set at $85 per barrel.

The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.

Philippines declares energy emergency over Middle East conflict risks 24 March, 2026 / 17:36

Sri Lanka holds talks with Russia on oil purchases 24 March, 2026 / 17:25

SOCAR launches ‘Work and Study program for students in Georgia 24 March, 2026 / 14:16

Media: Iranian energy facilities hit 24 March, 2026 / 13:38

Azerbaijan boosts oil exports to Türkiye 24 March, 2026 / 13:18

Brent crude rises to $103.78 24 March, 2026 / 10:00

South Korea may curb naphtha exports amid supply shortages 24 March, 2026 / 09:39

Azerbaijan's Azeri Light crude falls nearly 6% 24 March, 2026 / 09:11

Serbian oil firm NIS posts €104.5M loss in 2025 23 March, 2026 / 15:53

Oil prices rise in global markets 23 March, 2026 / 12:56

Alexey Likhachev: Rosatom building wind farm in Issyk-Kul 23 March, 2026 / 12:28

FT: Iran war leaves US oil and gas dealmaking 'in paralysis' 22 March, 2026 / 19:06

EU member states urged to lower gas storage targets due to Iran war 21 March, 2026 / 15:03

Serbia to reduce excise taxes on fuel by 40% due to rising gas prices 20 March, 2026 / 18:39

Price of Azerbaijani oil in global market nears $123 20 March, 2026 / 09:51

Georgia's imports of oil and petroleum products from Azerbaijan skyrocket 19 March, 2026 / 17:40

Khudatyan: Yerevan, Ankara to evaluate investments in energy grid unification 19 March, 2026 / 17:06

Brent crude price exceeds $116 19 March, 2026 / 13:04