Baku 27° C
Azerbaijani oil falls below $75 a barrel
Energy
- 21 March, 2023
- 06:37
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $0.65, or 0.86%, to $74.75 per barrel, Report informs.
The Brent crude price traded at $73.79 per barrel.
The average oil price in Azerbaijan's state budget for 2023 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.
Author
Latest News
16:13
Azerbaijan–Czech Intergovernmental Commission co‑chair changed
Foreign policy16:07
Photo
Azerbaijan and Turkmenistan sign protocol on economic cooperation
Business15:32
Gill: EC to protect interests of all EU countries in trade with US
Other countries15:29
Photo
Rashad Nabiyev meets with Azerbaijani cadet judo national team
Individual sports15:14
Kazakhstan attracts $87.7B into hydrocarbons since 2020
Energy15:09
Photo
Zakir Hasanov awards Air Force and Special Forces Commanders
Military15:05
Sybiha: Ukraine, Germany sign agreement on joint production of BARS drones
Region15:00
Photo
EBRD, ASCO mull expanding operations beyond Caspian Sea
Infrastructure14:59