Azerbaijani oil price declines

The price of Azerbaijan's Azeri LT CIF oil in the world market has declined by $1.49, or 1.68%, to $87.27 per barrel, Report informs.

April futures for Brent crude were traded at $82.96 per barrel.

The average oil price in Azerbaijan's state budget for 2023 was set at $60 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.