Baku 1° C
Azerbaijani oil prices falling
Energy
- 11 June, 2022
- 06:00
The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has decreased by $2.22 or 1.7% to $128.93 per barrel, Report informs.
August futures for Brent oil were trading at $122.01 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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