Azerbaijan oil prices decreases
The price of a barrel of Azeri Light crude oil slid by $0.65, settling at $87.74, Azernews reports.
"Azeri Light" crude oil price reached its lowest level on April 21, 2020, at 15.81 US dollars per barrel, and its highest price was recorded in July 2008, at 149.66 US dollars per barrel.
It should be noted that in 2022, the average selling price of one barrel of "Azeri Light" (CIF) brand oil was 103.58 US dollars. Last year, "Azeri Light" (CIF) oil increased in price by 44.6% compared to the indicator of 2021.
In this year's state budget of Azerbaijan, the average price of one barrel of oil was calculated from 60 US dollars.
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