The price of Azerbaijan’s Azeri LT CIF oil increased by $1.04, or 1.4%, reaching $75.18 per barrel.Meanwhile, January futures for Brent crude were trading at $73.30 per barrel, News.Az reports.
For 2024, Azerbaijan’s state budget has set the average oil price at $75 per barrel.
The lowest recorded price for Azeri Light was on April 21, 2020, at $15.81, while its all-time high of $149.66 was reached in July 2008.
