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Azerbaijani oil price drops sharply
Energy
- 15 March, 2022
- 06:28
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $7.28 or 6.24% to $109.36 per barrel, Report informs.
Yesterday, the Brent crude price was $102.37 a barrel.
The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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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