Baku 34° C
Azerbaijani oil price settles above $98
Energy
- 11 February, 2022
- 06:33
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has risen by $0.77 or 0.79% to $98.23 per barrel, Report informs.
Brent crude is currently trading at $91.03 a barrel.
The average oil price was set at $50 a barrel in the state budget of Azerbaijan for 2022.
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
15:28
PM Koretskyy: IMF transfers second $690M tranche to Ukraine
Other countries15:16
Kallas says EU targets Russian banks, energy sector in new sanctions
Other countries15:10
Dollar share in SOFAZ's investment portfolio approaches 70%
Finance15:02
Photo
Azerbaijan, Pakistan to draft professional training memorandum
Domestic policy15:01
EU fines Google €890M for competition breaches over search and apps
Other countries14:45
TotalEnergies Q2 2026 profit doubles to $6B on elevated energy prices
Energy14:27
Azerbaijan's strategic currency reserves exceed $85.7B
Finance14:12
Three killed, at least 10 injured in Russian strikes on Ukraine's Pavlohrad
Other countries14:00