Azerbaijani oil price nears $87


The price of Azerbaijan’s Azeri LT CIF oil in the world market increased by $0.59, or 0.68%, to $86.88 per barrel, Report informs.

The Brent crude was traded at $83.33 per barrel.

The average oil price in Azerbaijan’s state budget for 2023 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.