Azerbaijani oil price up
In the global market, the price of a barrel of Azerbaijani oil branded as "Azeri Light" has increased by $1.31, or 1.74%, reaching $76.63, Azernews reports.
According to auction results, the price of December futures for Brent crude oil is $76.05.
In Azerbaijan's state budget for this year, the average price of a barrel of oil was estimated at $75.
It's worth noting that the lowest price for "Azeri Light" oil was recorded on April 21, 2020, at $15.81, while the highest price was in July 2008, at $149.66. Oil in Azerbaijan is primarily extracted under the contract for the development of the "Azeri-Chirag-Guneshli" (ACG) fields, in which the State Oil Company of Azerbaijan (SOCAR) holds a 25% share.
----
Getting accurate and unbiased information in the global media space has become a real struggle. AzerNEWS, the number one English-language newspaper provides you with the most accurate, fresh and thorough information.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper