Tuesday, 02 January 2024 12:17 GMT

Azerbaijan's Crude Prices Climb As Global Benchmarks Advance


(MENAFN- AzerNews)

These recent increases are notable amid fluctuating global oil dynamics and are particularly significant for Azerbaijan, which has based its 2025 state budget on an average oil price of $70 per barrel. The current price trends indicate a potentially favorable fiscal outlook for the country, given that actual market prices are exceeding budgetary forecasts.

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