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Azerbaijani oil price settles above $78
Energy
- 03 January, 2025
- 08:53
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $1.78, or 2.3%, to $78.78 per barrel, Report informs.
March futures for Brent crude were traded at $76.18 per barrel.
The average oil price in Azerbaijan's state budget for 2024 was set at $70 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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