Price of Azerbaijani oil falls

Elvin Jamalov
Post's author

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.47, or 0.6%, to $76.3 per barrel, Report informs.

November futures for Brent crude were traded at $71.61 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $75 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

SOCAR explores additional pathways to cut emissions 18 September, 2024 / 13:17
Stefanie Stallmeister says Azerbaijan’s water problem will worsen 18 September, 2024 / 13:17
Ambassador: Japan ready to support Aghdam's revival as a beacon of peace - INTERVIEW 18 September, 2024 / 13:14
Pashinyan to attend BRICS summit in Russia 18 September, 2024 / 13:08
Elmar Mammadov: Azerbaijan's COP29 initiatives guided by 5 key principles 18 September, 2024 / 12:51
Presidential aide: New Marshall Plan is being drafted for Armenia 18 September, 2024 / 12:36
Hikmat Hajiyev: Armenians must constitutionally end claims on Karabakh 18 September, 2024 / 12:35
Georgia won't follow US sanctions until court decision 18 September, 2024 / 12:31
Presidential aide: Armenia should decide on level of participation in COP29 18 September, 2024 / 12:25
WB: There is need for institutional reforms in water, sanitation sector in Azerbaijan 18 September, 2024 / 12:20
Pashinyan: Armenia must establish diplomatic relations, open land border with Türkiye 18 September, 2024 / 12:19
Foreign diplomats shown biggest hydropower plant in liberated Azerbaijani territories 18 September, 2024 / 12:16
Azerbaijan establishes city days for Khankandi, Khojaly, Khojavand, Aghdara 18 September, 2024 / 12:14
Azerbaijan's Nakhchivan boosts energy ties with Iran 18 September, 2024 / 12:12
Inflation in Azerbaijan remains within target range, says Central Bank 18 September, 2024 / 11:54