Azerbaijani oil price keeps declining

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.15, or 0.19%, to $78.81 per barrel, Report informs.

The Brent crude price traded at $75.58 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

Trump surpasses 270 electoral votes 6 November, 2024 / 11:20
Republicans win majority in US Senate 6 November, 2024 / 10:20
Azerbaijani oil price exceeds $77 6 November, 2024 / 09:58