The average price of 1 barrel of "Azeri Light" (CIF) brand oil on world markets during January-September of 2024 has been revealed, APA-Economics reports.
According to the calculations of APA-Economics, the average price of Azerbaijani oil equaled to USD 85.20 US during the 9 months of the current year.
It should be noted that during January-September of this year, the highest indicator was USD 94.73 on April 13, and the lowest indicator was USD 73.53 on September 12.
It should be noted that the average price of one barrel of oil in the current year's state budget of Azerbaijan was calculated by USD 75. In 2025, the average annual export price of one barrel of crude oil was taken at the level of USD 70.