Baku 5° C
Azerbaijani oil price falls below $88
Energy
- 31 January, 2023
- 05:01
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.12, or 1.26%, to $87.79 per barrel, Report informs.
The Brent crude price traded at $84.5 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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