Baku 14° C
Azerbaijani oil price nears $99
Energy
- 12 February, 2022
- 07:10
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has risen by $0.52 or 0.5% to $98.75 per barrel, Report informs.
Brent crude is currently trading at $94.44 a barrel.
The average oil price was set at $50 a barrel in the state budget of Azerbaijan for 2022.
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
21:27
Trump: Negotiations - only reason Iranians still alive
Other countries21:11
Trump: Iran promises to give up nuclear weapons, but publicly claims otherwise
Other countries20:53
19 killed, including 12 security personnel, in Israeli airstrikes on Lebanon
Other countries20:35
Trump again warns of fresh strikes if Iran talks fail
Other countries20:18
Ghalibaf: US failed to implement 2 points of deal before talks
Other countries19:57
US negotiators to ask Iran to release detained Americans
Other countries19:38
South Korea to seek alternative routes to Strait of Hormuz
Other countries19:30
Azerbaijan, Germany hold political consultations in Baku
Other19:11
Photo