Baku 9° C
Price of Azerbaijani oil keeps falling down
Energy
- 31 May, 2024
- 05:10
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $1.15, or 1.35%, to $83.78 per barrel, Report informs.
May futures for Brent crude were traded at $81.58 per barrel.
The average oil price in Azerbaijan's state budget for 2024 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.
Author
Latest News
17:57
Photo
STEAM center to open at school in Tbilisi within partnership with Azerbaijani Ministry of Education
Education and science17:56
Grigoryan: Initialing of peace agreement by Yerevan, Baku changed atmosphere in Caucasus
Foreign policy17:51
S&P: Azerenerji's EBITDA to increase to 540-580M manats in 2025-2026
Finance17:51
Photo
Azerbaijan, Uzbekistan and Kazakhstan agree on diaspora meetings
Foreign policy17:44
Photo
Azerbaijan, Türkiye and OTS Secretariat explore co-op opportunities
Social security17:37
Photo
Emin Amrullayev holds cooperation talks at Tbilisi State University
Education and science17:21
Azerbaijan cuts spending on carpet import from Türkiye by over 16%
Business17:04
EU's Kallas says Washington 'biggest ally' despite US security downgrade
Other countries16:54
Photo