Azeri oil price nears $128

Tural Ibadli
Post's author

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $0.81 or 0.64% to $127.94 per barrel, Report informs.

Yesterday, the Brent crude price traded at $120.57 per barrel.

The average oil price in Azerbaijan’s state budget for 2022 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

Promised air defence systems now in Ukraine's hands, Canadian minister says 22 November, 2024 / 20:58
At least 12 people shot dead in Afghanistan 22 November, 2024 / 20:55
Police carry out controlled explosion near US Embassy in London 22 November, 2024 / 20:51
Azerbaijan’s gas export to reach 12 countries, says Energy Minister 22 November, 2024 / 20:46
Turkish vessel begins oil, gas exploration off Somali coast 22 November, 2024 / 20:40
Czech Republic on track to end Russian oil supplies from July 2025 22 November, 2024 / 20:39
ASCO considers retrofitting ships for methanol fuel transition by 2030 22 November, 2024 / 20:29
4 Italian peacekeepers injured in rocket attack on UNIFIL base in southern Lebanon 22 November, 2024 / 20:11
Baku Stock Exchange meets with J.P. Morgan to explore co-op opportunities 22 November, 2024 / 20:01
Leyla Aliyeva participates in tree-planting campaign in Baku 22 November, 2024 / 19:50
More aid workers killed in 2024 than in any other year, UN says 22 November, 2024 / 19:44
ASCO aligns operations with sustainable dev’t principles in ecological aspects 22 November, 2024 / 19:33
Ilham Aliyev addresses letter to participants of 12th General Assembly of ICAPP 22 November, 2024 / 19:23
Türkiye’s Sabiha Gokcen Airport cancels 10% of its flights 22 November, 2024 / 19:16
Ukraine to receive $4.8B through World Bank’s project 22 November, 2024 / 18:58