Baku 4° C
Azerbaijani oil price drops $11
Energy
- 06 July, 2022
- 06:34
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $11.08 or 8.6% to $117.72 per barrel, Report informs.
Yesterday, the Brent crude price traded at $102.77 per barrel.
The average oil price in Azerbaijan’s state budget for 2022 was set at $85 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
21:20
Azerbaijan sees 4-fold surge in pistachio imports from Uzbekistan
Business21:08
Zelenskyy says accusation that Putin's residence in Novgorod was attacked by Ukraine is lie
Other countries20:53
White House: Trump has positive conversation with Putin
Region20:48
Zelenskyy says 87% of Ukrainians want peace but not at cost of Donbas
Other countries20:41
UN Secretary-General urges world leaders to prioritize people, planet's future
Other countries20:29
Zelenskyy joins call with US special envoy Witkoff, Ukrainian official says
Other countries20:15
Iran replaces central bank chief as currency crisis deepens
Region20:00
Max Verstappen voted best F1 driver of 2025
Formula 119:45