Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, has dropped by $ 0.29 (-0,51%), settling at $ 56.55 per barrel, Report informs.
The lowest price for Azeri Light was recorded on April 21, 2020 ($ 15.81), while the all-time high of $ 149.66 was fixed in July 2008.
In its January
EIA expects that growth in crude oil production from members of the Organization of the Petroleum Exporting Countries (OPEC) and partner countries (OPEC+) will be limited because of a multilateral agreement to
EIA forecasts that U.S. crude oil production in the Lower 48 states—excluding the Gulf of Mexico—will decline in the first quarter of 2021 before increasing through the end of 2022. In 2021, EIA expects crude oil production in this region will average 8.9 million b/d, and total U.S. crude oil production will average 11.1 million b/d, which is less than 2020 production.