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Price Of Azerbaijani Oil Drops
(MENAFN- AzerNews)
Ulviyya Shahin
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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.02, or 0.03%, to $89.82 per barrel, Azernews reports.
September futures for Brent crude were traded at $85.59 per barrel.
The average oil price in Azerbaijan's state budget for 2024 was set at $75 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.
Oil has become more expensive in the world markets.
The price of a barrel of "Brent" oil on London's ICE ("InterContinental Exchange Futures") exchange increased by $0.17 to $85.57.
The price of one barrel of "Light" oil on the New York NYMEX ("New York Mercantile Exchange") increased by $0.29 to $82.91.
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