Azerbaijani oil price climbs over $76 in global markets
Photo: The Ministry of Energy of Azerbaijan
The price of Azerbaijan's Azeri LT CIF oil increased by $0.26, or 0.3%, reaching $76.31 per barrel.
February futures for Brent crude were priced at $72.33 per barrel, News.Az reports.The average oil price for Azerbaijan's state budget in 2024 was set at $75 per barrel.
The lowest recorded price for Azeri Light was $15.81 on April 21, 2020, while its all-time high reached $149.66 in July 2008.
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