Baku 12° C
Azerbaijani oil keeps falling in price
Energy
- 28 March, 2024
- 05:45
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market dropped by $0.79, or 0.89%, to $87.51 per barrel, Report informs.
May futures for Brent crude were traded at $86.33 per barrel.
The average oil price in Azerbaijan's state budget for 2023 was set at $60 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
10:31
Florian Misch: Structural reforms can offset up to 20% of losses from external shocks
Economy
10:28
IMF: Middle Corridor, private sector to help Caucasus, Central Asian economies withstand external shocks
Economy
10:22
IMF: Caucasus, Central Asian countries lag behind in export diversification
Economy
10:16
Karmen Naidoo: Fuel subsidies, central bank independence mitigate inflationary shocks in Caucasus, Central Asia
Finance
10:12
IMF highlightes role of monetary policy, exchange rates in curbing inflation in region
Finance
10:08
PM: Albania could host NATO summit in 2028
Other countries
10:02
Azeri Light crude drops below $100 per barrel
Energy
09:49
Roberto Cardarelli: External stimuli for Central Asian economies proven more resilient than expected
Finance
09:43
IMF urges countries in Middle East, Central Asia to tighten monetary policy amid inflationary risks
Finance