Azeri Light price nears $93 a barrel

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The price of Azerbaijan’s Azeri LT CIF oil in the world market increased by $0.8, or 0.87%, to $92.65 per barrel, Report informs.

May futures for Brent crude were traded at $89.35 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.