Drop in Azerbaijani oil prices
Azerbaijan’s Azeri LT CIF oil price drops to $76.61 per barrel
The price of Azerbaijan’s Azeri LT CIF oil in the world market has decreased by $0.24, or 0.31%, to $76.61 per barrel, according to reports. This comes as April futures for Brent crude were being traded at $74.87 per barrel.
It is worth noting that the average oil price in Azerbaijan’s state budget for 2025 was set at $70 per barrel. The lowest price for Azeri Light was recorded on April 21, 2020, at $15.81 per barrel, while the all-time high of $149.66 was fixed in July 2008.
The fluctuating oil prices continue to impact global markets, and stakeholders are keeping a close eye on developments in the energy sector. Stay tuned for more updates on the oil market and its implications on the economy.
