Azerbaijani oil price falls by 5%

Agshin Rafigoglu
Post's author

The price of Azerbaijan's Azeri LT CIF oil in the world market dropped by $3.94, or 4.98%, to $75.10 per barrel, Report informs.

The Brent crude price traded at $75.33 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $50 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

Envoy: Peoples of both Azerbaijan and Mexico managed to preserve their identity 5 November, 2024 / 20:58
Azerbaijan's ambassador to Russia thanks Putin for supporting Baku-Yerevan peace 5 November, 2024 / 20:37
Ukraine, Lithuania to produce drones, electronic warfare under new MoU 5 November, 2024 / 20:19
Budapest might host OTS informal summit in 2025 5 November, 2024 / 20:02
27 business entities get residency in Azerbaijan's industrial zones in Jan.-Oct.2024 5 November, 2024 / 19:43
Romanian university hosts event on initiatives put forward by Azerbaijan's COP29 Presidency 5 November, 2024 / 19:26
EU Council: Azerbaijan has strong political will to fight climate change 5 November, 2024 / 19:06
39 rockets, UAVs fired from Lebanon into Israel 5 November, 2024 / 18:55
Azerbaijan's energy initiatives within COP29 framework presented 5 November, 2024 / 18:44
Moratinos: Azerbaijan has done excellent organizational work to ensure COP29's success 5 November, 2024 / 18:29
Michael Jordan collectibles sell for $8.5 million at Sotheby's auction 5 November, 2024 / 18:11
Global Witness and BBC against COP29: New media attack in planning 5 November, 2024 / 18:00
Capital expenditures for Shah Deniz field up by 11% 5 November, 2024 / 17:53
BP and partners significantly reduce social spending in Azerbaijan 5 November, 2024 / 17:39
Tourist flow to Azerbaijan up by 28% 5 November, 2024 / 17:36