Azerbaijani oil price keeps falling

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The price of Azerbaijan's Azeri LT CIF oil in the world market decreased by $0.6, or 0.65%, to $91.65 per barrel, XQ informs.

Brent crude was traded at $87.81 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.

Economy