Azerbaijani oil price fell below $94 last week

Azerbaijani oil price fell below $94 last week
# 16 October 2023 12:06 (UTC +04:00)

During last week (9– 13 October) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 93,308 making a 1,308 or 1,38% decrease from the previous week's average price, APA-Economics reports.

The highest indicator (Friday) was $95,06, and the lowest indicator (Wednesday) was at the level of $91,11 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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