Baku 30° C
Azerbaijani oil price drops 3%
Energy
- 16 June, 2022
- 05:28
The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.93 or 2.95 to $129.41 per barrel, Report informs.
Yesterday, the Brent crude price traded at $119.04 per barrel.
The average oil price in Azerbaijan's state budget for 2022 was set at $50 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.
Author
Latest News
17:38
FT: Zelenskyy considers dismissing Ukraine army chief Syrskyi
Other countries17:17
Ranking of banks in Azerbaijan by profit tax paid (January-June 2026)
Finance16:55
Azerbaijan cuts imports of milk-based fats by 3%
Business16:35
Iran strikes Kuwait's oil and energy facilities
Other countries16:21
Russia strikes passenger train in Ukraine's Zaporizhzhia Oblast
Other countries16:08
Mahir Emreli undergoes medical tests at Raków
Football15:53
Ukraine says it struck railway bridge in Russian-held Luhansk region
Other countries15:46
Ranking of banks in Azerbaijan by interest income (January-June 2026
Finance15:30