Azerbaijani oil price drops below $79

Kanan Sadigov
Post's author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.77, or 1%, to $78.48 per barrel, Report informs.

July futures for Brent crude were traded at $77.53 per barrel.

The average oil price in Azerbaijan's state budget for 2024 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.

Latest news

NATO, Ukraine to meet over Russian missile strike: diplomats 22 November, 2024 / 12:44
Organizing Committee member: COP29 was great experience for private sector 22 November, 2024 / 12:26
President Ilham Aliyev receives Israel's Minister of Transport and Road Safety 22 November, 2024 / 12:22
Labor migration quota rules changed in Azerbaijan 22 November, 2024 / 12:14
Europe consistently extracts over 500 MCM of gas per day from underground storage facilities 22 November, 2024 / 12:06
Rules for monitoring aircraft flight safety approved 22 November, 2024 / 12:02
Leyla Aliyeva, Arzu Aliyeva visit exhibitions at National Museum of Arts 22 November, 2024 / 11:50
Danish minister: Abandoning fossil fuels is extremely important 22 November, 2024 / 11:45
Russian Investigative Committee establishes no extremism evidence in slogans of Azerbaijani students 22 November, 2024 / 11:40
Deputy PM: Azerbaijan can produce high-tech products for Eurasian market in Kyrgyzstan - INTERVIEW 22 November, 2024 / 11:40
KMG head: No need to dramatize oil production decline at Tengiz 22 November, 2024 / 11:20
Italy gets more than 45% of Azerbaijan's oil exports 22 November, 2024 / 11:05
Iran orders activation of new advanced centrifuges after anti-Tehran resolution at IAEA 22 November, 2024 / 10:55
KazMunayGas increased oil production by 3% in 9 months 22 November, 2024 / 10:36
German minister: Production and utilization of plastics will emit 3 gigatons of CO2 annually 22 November, 2024 / 10:36