Baku 13° C
Azerbaijani oil price settles above $128
Energy
- 05 July, 2022
- 06:17
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.5 or 2.79% to $128.8 per barrel, Report informs.
Yesterday, the Brent crude price traded at $113.5 per barrel.
The average oil price in Azerbaijan’s state budget for 2022 was set at $85 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
14:08
Net profit of 15 Azerbaijani insurance companies falls by 6%
Finance14:02
UN: Lebanon to face food security crisis amid Israeli strikes
Other countries13:56
Austrian experts join restoration of Icharishahar fortress wall
Domestic policy13:48
Azerbaijan's parliament passes tougher terrorism penalties in first reading
Milli Majlis13:47
Ingā Ruginienė: We assessed potential for developing Lithuania–Azerbaijan relations – EXCLUSIVE
Foreign policy13:33
Fidan, Kallas discuss US-Iran developments in phone call
Region13:16
FAO official: Over $1M needed to implement this year's work plan
AIC13:10
ADB ready to invest in Azerbaijan's Nakhchivan railway infrastructure
Infrastructure13:09