Azerbaijani Oil Prices Decrease
Date
1/24/2025 1:10:56 AM
(MENAFN- AzerNews)
Qabil Ashirov
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On the world market, the price of one barrel of Azerbaijani
"Azeri Light" oil has decreased by $0.76, or 0.92%, to $81.23,,
Azernews reports. Meanwhile, the price of Brent
oil February futures stands at $78.78 per barrel.
For 2025, Azerbaijan's state budget has estimated the average
price of one barrel of oil at $70. It is noteworthy that the lowest
recorded price of "Azeri Light" oil was on April 21, 2020, at
$15.81, while the highest price was recorded in July 2008 at
$149.66.
Azerbaijan continues to monitor global oil price trends and
adjusts its budget estimates accordingly to ensure economic
stability and resilience in the face of fluctuating market
conditions.
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