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Azerbaijani oil price reaches $114
Energy
- 13 May, 2022
- 05:38
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $1.25 or 1.1% to $113.98 per barrel, Report informs.
Yesterday, the Brent crude price traded at $109.59 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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