Azerbaijani oil price keeps going down

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.73, or 0.9%, to $80.5 per barrel, Report informs.

March futures for Brent crude were traded at $78.50 per barrel.

The average oil price in Azerbaijan's state budget for 2025 was set at $70 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.