Price of Azerbaijani oil approaches $80

The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $0.15, or 0.19%, to $79.63 per barrel, Report informs.

March futures for Brent crude were traded at $77.33 per barrel.

The average oil price in Azerbaijan's state budget for 2025 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.