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Azerbaijani oil price drops below $87
Energy
- 02 February, 2023
- 05:31
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.12, or 1.28%, to $86.41 per barrel, Report informs.
The Brent crude price traded at $82.84 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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