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Azerbaijani oil price nears $117
Energy
- 06 May, 2022
- 06:27
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $3.39 or 2.98% to $116.94 per barrel, Report informs.
Yesterday, the Brent crude price traded at $110.67 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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