Azerbaijani oil price exceeds $79
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The price of Azerbaijan’s Azeri LT CIF oil in the global market increased by $0.48, or 0.6%, reaching $79.48 per barrel.
Meanwhile, March futures for Brent crude were trading at $76.24 per barrel, News.Az reports.Azerbaijan’s state budget for 2024 has set the average oil price at $70 per barrel.
The lowest recorded price for Azeri Light was $15.81 on April 21, 2020, while the all-time high reached $149.66 in July 2008.
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