Baku 2° C
Azerbaijani oil price falls by 5%
Energy
- 22 November, 2022
- 05:49
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market decreased by $4.66, or 5.19%, to $85.19 per barrel, Report informs.
The Brent crude price traded at $87.45 per barrel.
The average oil price in Azerbaijan's state budget for 2022 was set at $85 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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