Baku 24° C
Azerbaijani oil price nears $127
Energy
- 31 May, 2022
- 05:11
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $0.89 or 0.7% to $126.80 per barrel, Report informs.
Yesterday, the Brent crude price traded at $119 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.
Author
Latest News
23:58
US Treasury revokes sanctions relief license for Iran's oil sector
Other countries23:28
UK, Netherlands sign $3.2B maritime partnership deal
Other countries23:09
Türkiye, Canada launch free trade talks
Region22:46
EIA keeps Azerbaijan's 2027 oil output forecast unchanged
Energy22:34
Macron arrives in Türkiye for NATO summit
Region22:26
Global oil output to return to pre-conflict levels by end-2026
Other countries22:18
Photo
World Cup 2026: Argentina beat Egypt to reach quarterfinals
Football22:06
US raises 2026 oil output forecast
Other countries22:02