Azerbaijani oil price drops

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.25, or 0.27%, to $93.08 per barrel, Report informs.

May futures for Brent crude were traded at $89.42 per barrel.

The average oil price in Azerbaijan's state budget for 2024 was set at $60 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.