Baku 5° C
Azerbaijani oil price exceeds $85
Energy
- 01 March, 2023
- 06:30
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market increased by $.67, or 2%, to $85.01 per barrel, Report informs.
The Brent crude price traded at $83.89 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.
Author
Latest News
21:14
IRU urges Azerbaijan, Türkiye to create border green lanes for freight transport
Infrastructure21:08
Azerbaijan, Kazakhstan discuss expanding cooperation
Foreign policy21:00
Photo
Azerbaijani FM, American Jewish delegation discuss regional processes
Foreign policy20:50
Armenian PM: Yerevan, Baku very close to making peace irreversible
Region20:46
Photo
ADY: Uzbekistan keen to implement joint projects along Middle Corridor
Infrastructure20:26
US, Armenia sign nuclear cooperation agreement in Yerevan
Region20:12
NATO expected to launch Arctic Sentry mission in coming days, sources say
Other countries19:59
Baku hosts discussions on role of Middle Corridor in Europe-Asia trade
Infrastructure19:36