Azerbaijani oil price drops to $96

Agshin Rafigoglu
Author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.39, or 1.43%, to $95.9 per barrel, Report informs.

The Brent crude price traded at $93.86 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.

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