Azerbaijani oil price settles above $80

Energy
  • 22 June, 2023
  • 05:55
Azerbaijani oil price settles above $80

The price of Azerbaijan's Azeri LT CIF oil in the world market went up by $2.03, or 2.59%, to $80.28 per barrel, Report informs.

The Brent crude price was traded at $76.66 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.