Baku 14° C
Azerbaijani oil price falls below $88
Energy
- 16 March, 2024
- 06:43
The price of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $0.65, or 0.7%, to $87.74 per barrel, Report informs.
May futures for Brent crude were traded at $85.34 per barrel.
The average oil price in Azerbaijan's state budget for 2023 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.
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