Baku 4° C
Azerbaijani oil price dropping
Energy
- 15 May, 2024
- 05:39
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.
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