Baku 2° C
Azerbaijani oil falls below $75 a barrel
Energy
- 21 March, 2023
- 06:37
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $0.65, or 0.86%, to $74.75 per barrel, Report informs.
The Brent crude price traded at $73.79 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.
Author
Latest News
14:51
Ministry: Azerbaijan among Georgia's top tourism income sources
Region14:49
Azerbaijan to review minimum wage at least once a year
Social security14:33
Antonio Costa: Introduction of additional tariffs to undermine EU-US relations
Other14:28
IEA raises its forecast for global oil demand growth in 2026
Energy14:27
Minister: Import of diesel fuel from Azerbaijan has had positive impact on Armenia's economy
Region14:10
IEA raises its forecast for global oil supply growth in 2026 by 2.5M barrels
Energy13:50
SOCAR Türkiye takes over gas supply for Ankara Esenboga Airport
Energy13:36
France requests NATO exercise in Greenland
Other countries13:30