Baku 2° C
Azerbaijani oil keeps declining in price
Energy
- 23 May, 2023
- 05:19
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.11, or 0.14%, to $78.70 per barrel, Report informs.
The Brent crude price traded at $76.14 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.
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