Azerbaijani oil price nears $83
- 08 Oct 2024 10:15
- 08 Oct 2024 10:18
- 1008728
- Economics
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The price of Azerbaijan's Azeri LT CIF oil rose by $1.44, or 1.76%, reaching $82.91 per barrel in the global market.
In comparison, December futures for Brent crude are trading at $80.93 per barrel, News.Az reports.For 2024, the average oil price in Azerbaijan's state budget has been set at $75 per barrel.
Historically, the lowest price for Azeri Light was recorded on April 21, 2020, at $15.81, while the all-time high was $149.66 in July 2008.