Azerbaijani oil price nears $85

  18 May 2024    Read: 1065
Azerbaijani oil price nears $85

The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.61, or 0.72%, to $84.82 per barrel, reports. 

July futures for Brent crude were traded at $83.98 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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