Azerbaijani oil price decreases
Qabil Ashirov
Read moreThe price of one barrel of Azerbaijani oil of the "Azeri Light" brand on the world market decreased by 0.86 US dollars, or 1.14%, to 74.26 US dollars, Azernews reports.
As per the auction results, the price of "Brent" oil futures for February stands at 71.92 US dollars.
The average price of one barrel of oil in Azerbaijan's state budget for this year is calculated at 75 US dollars.
It is worth noting that the lowest price of "Azeri Light" oil was recorded on April 21, 2020 (15.81 US dollars), while the highest price was recorded in July 2008 (149.66 US dollars).
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