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Azerbaijani oil price settles above $106
Energy
- 25 February, 2022
- 06:26
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The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $5.42 or 5.38% to $106.22 per barrel, Report informs.
Yesterday, the Brent crude price was $101.46 a barrel.
The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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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