Azerbaijani oil falls in price

Economic Department
Author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.37, or 1.67%, to $77.59 per barrel, Report informs.

Brent crude was traded at $81.58 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.

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