Azerbaijani oil price falls slightly

Agshin Rafigoglu
Post's author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $0.06 or 0.05% to $111.95 per barrel, Report informs.

Yesterday, the Brent crude price was $107.93 a barrel.

The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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

Pentagon denies UFO cover-up as whistleblowers share shocking claims 14 November, 2024 / 09:04
AFFA President Rovshan Najaf meets with Ronaldinho 14 November, 2024 / 08:57
Azerbaijan's prosecutor general meets UN deputy secretary general 14 November, 2024 / 08:45
Azerbaijani FM meets IOM director general 14 November, 2024 / 08:37
Trump names 4 top campaign advisers to senior White House roles 14 November, 2024 / 08:28
Ronaldinho at AZCHEMCO pavilion during COP29 14 November, 2024 / 08:22
Jeyhun Bayramov mulls Azerbaijan-UN co-op with Philemon Yang 14 November, 2024 / 08:10
Ilham Aliyev expresses concern over Armenia's dumping of mining waste into Araz River 14 November, 2024 / 08:05
Heydar Aliyev Foundation’s “Azerbaijan. Inspired by Nature” publication presented on sidelines of COP29 14 November, 2024 / 07:56
Baku TV International provides highlights of Day 3 at COP29 13 November, 2024 / 23:16
Leaders’ Summit of Small Islands Developing States on Climate Change held as part of COP29 in Baku 13 November, 2024 / 21:20
Official: EBRD satisfied with renewable energy cooperation with Azerbaijan 13 November, 2024 / 21:06
Yerlan Nyssanbayev: Without adequate climate financing, emission reduction remains on paper 13 November, 2024 / 21:02
Fatih Birol: Two main issues must be solved for development of nuclear energy 13 November, 2024 / 20:59
Titov: Greta Thunberg has no clue about choosing locations for climate discussions 13 November, 2024 / 20:56