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Azerbaijani oil price drops below $79
Energy
- 05 June, 2024
- 05:34
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.77, or 1%, to $78.48 per barrel, Report informs.
July futures for Brent crude were traded at $77.53 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.
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