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Azerbaijani oil price falls to $120
Energy
- 12 July, 2022
- 05:29
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $1.15 or 0.9% to $120.1 per barrel, Report informs.
Yesterday, the Brent crude price traded at $105.54 per barrel.
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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