Azerbaijani oil price drops by 3% last week

Azerbaijani oil price drops by 3% last week
# 30 October 2023 10:12 (UTC +04:00)

During last week (23-27 October) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 92,952 making a $2,866 or 2,99% decrease from the previous week's average price, APA-Economics reports.

The highest indicator (Monday) was $95,54, and the lowest indicator (Tuesday) was at the level of $91,71 during the week.

Note that the average price of a barrel of Azeri Light brand oil was 103,58 US dollars in 2022. Last year, Azeri Light (CIF) oil price increased by 44.6% compared to the indicator of 2021.

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