Azerbaijani oil price drops

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $0.11, or 0.12%, to $87.7 per barrel, Report informs.

Yesterday, Brent crude futures traded at $84.94 per barrel.

The average oil price in Azerbaijan's state budget for 2022 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.