Azerbaijani oil price falls below $93

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.39, or 1.47%, to $93.33 per barrel, Report informs.

May futures for Brent crude were traded at $91.17 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.