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Azerbaijani oil price drops to $125 a barrel
Energy
- 17 June, 2022
- 05:34
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The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.78 or 2.92 to $125.63 per barrel, Report informs.
Yesterday, the Brent crude price traded at $119.20 per barrel.
The average oil price in Azerbaijan's state budget for 2022 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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