Azerbaijani oil slides over 3%

The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has decreased by $3.04 or 3.07% to $96.10 per barrel, Report informs.

Brent crude is currently trading at $90.78 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.