Azerbaijani oil price dropping

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.15, or 1.36%, to $83.33 per barrel, Report informs.

May futures for Brent crude were traded at $82.87 per barrel.

The average oil price in Azerbaijan's state budget for 2024 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.