CASPIAN OIL & GAS - Azerbaijani oil price hits $100

Azerbaijani oil price hits $100



The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $3.13 or 3.21% to $100.76 per barrel, Report informs.

The price of Azerbaijani oil has exceeded $100 for the first time since September 2014.

Yesterday, the Brent crude price was $94.25 a barrel.

The average oil price in the state budget of Azerbaijan for 2022 was set at $50 a 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.