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Azerbaijani oil price drops below $77
Energy
- 25 March, 2023
- 09:40
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $2.51, or 3.19%, to $76.25 per barrel, Report informs.
The Brent crude price traded at $74.61 per barrel.
The average oil price in Azerbaijan's state budget for 2023 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.
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