Azerbaijani oil price falls by 5%

Tural Ibadli
Post's author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $4.66, or 5.19%, to $85.19 per barrel, Report informs.

The Brent crude price traded at $87.45 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.

Latest news

North Korean leader Kim Jong Un may visit Russia 24 November, 2024 / 12:14
Europe facing another energy crisis 24 November, 2024 / 11:44
2 killed, 1 injured when Civil Air Patrol plane crashes in Colorado 24 November, 2024 / 11:18
Presidential aide calls German Foreign Minister's accusations against Azerbaijan unacceptable 24 November, 2024 / 11:06
European Commissioner: Determination of COP29 Presidency is commendable 24 November, 2024 / 10:55
Simon Stiell: Grateful to Azerbaijan for achieving challenging climate financing goal 24 November, 2024 / 10:47
Hoekstra: Many countries are firm in their decision to phase out fossil fuels 24 November, 2024 / 10:39
Mukhtar Babayev: COP29 Presidency will continue working to support COP30 Presidency 24 November, 2024 / 10:21
EU Commissioner: COP29 to be remembered as beginning of new era in climate finance 24 November, 2024 / 10:02
Breakthrough in Baku delivers $1.3tn Baku Finance Goal 24 November, 2024 / 09:44
Guterres: Agreement at COP29 was absolutely essential to keep 1.5 degree limit alive 24 November, 2024 / 09:32
COP29 adopts new collective quantified goal on climate finance 24 November, 2024 / 09:20
UN official: World Urban Forum in Baku will be an introduction to Azerbaijan's achievements 24 November, 2024 / 09:11
Second part of final plenary session of COP29 gets underway - LIVE 24 November, 2024 / 01:39
Historic COP29 success: Green light for carbon market 24 November, 2024 / 00:12