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Azerbaijani oil price drops by nearly $2
Energy
- 06 March, 2025
- 09:25
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.95, or 2.26%, to $71.40 per barrel, Report informs.
May futures for Brent crude were traded at $69.83 per barrel.
The average oil price in Azerbaijan's state budget for 2025 was set at $70 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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