Baku 26° C
Azerbaijani oil price keeps declining
Energy
- 20 May, 2023
- 05:16
The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.15, or 0.19%, to $78.81 per barrel, Report informs.
The Brent crude price traded at $75.58 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
17:55
Current FIFA president Gianni Infantino to run for re-election in 2027
Football17:41
Abdollahi: US trying to compensate for its defeat with economic pressure
Region17:23
7 OPEC+ countries to maintain their September oil production quotas in October
Energy17:00
US military redirected 92 ships since blockade of Iran reimposed
Other countries16:41
Ghalibaf announces 'harsher and more painful' response to aggression against Iran
Region16:23
British, French, German national security advisers arrive in Kyiv
Other countries16:04
Qatar PM to visit China for talks on strategic ties, regional issues
Other countries16:00
Tibet death toll from China-Nepal border landslide rises to 43
Other countries15:22
Photo