Azerbaijani oil drops by over $2

Tural Ibadli
Author

07, September 2022 / 06:14

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $2.2, or 2.18%, to $96.88 per barrel, Report informs.

On the stock exchanges, October futures for Brent crude are traded at $92.83.

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.

BP: Over 1B barrels of oil produced from West Azeri platform to date 29 December, 2025 / 11:56

TAP gas orders to Europe rise at several exit points 29 December, 2025 / 10:35

Oil prices rise over 1% 29 December, 2025 / 10:27

BP announces timing of seismic survey program for Ashrafi-Dan Ulduzu-Aypara project 29 December, 2025 / 10:00

Georgia imports $99M worth of oil from Azerbaijan in January–November 27 December, 2025 / 15:12

Georgia buys $202.3M worth of natural gas from Azerbaijan in January–November 27 December, 2025 / 14:04

Azerbaijan, UN mull cooperation in energy and sustainable development 26 December, 2025 / 16:30

SOCAR plans partial transfer of Bahar field stakes to investors 26 December, 2025 / 14:56

First oil from Bahar and Gum-Deniz redevelopment expected in 2027–2028 26 December, 2025 / 13:49

Brent crude rises to $62.32 per barrel 26 December, 2025 / 13:15

Brent crude oil prices fall to $62.24 per barrel 25 December, 2025 / 10:37

Azeri Light crude rises to $66.62 per barrel 25 December, 2025 / 09:59

Turkish company signs $11M Shah Deniz compression platform project service contract 24 December, 2025 / 20:19

Azeri Light crude rises to $66.14 per barrel 24 December, 2025 / 10:07

Brent crude price exceeds $62 per barrel 24 December, 2025 / 10:01

Azerbaijan, US mull development of roadmap for energy co-op 23 December, 2025 / 16:50

Alkhasli: Industry 4.0 not trend, but tool for efficiency for SOCAR 23 December, 2025 / 15:45