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Azerbaijani oil price settles above $123
Energy
- 18 May, 2022
- 06:24
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The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has increased by $3.79 or 3.17% to $123.18 per barrel, Report informs.
Yesterday, the Brent crude price traded at $114.24 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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