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Azerbaijani oil price drops nearly $4
Energy
- 16 August, 2022
- 06:52
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The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.58 or 3.65% to $94.61 per barrel, Report informs.
On the stock exchanges, October futures for Brent crude are traded at $95.10.
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.
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