During last week (28 August – 1 September) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 91, making a $2,618 or 2.96% increase from the previous week's average price, APA-Economics reports.
The highest indicator (Friday) was $93.5, and the lowest indicator (Tuesday) was at the level of $89.21 during the week.
Note that in 2022, the average selling price of one barrel of Azeri Light (CIF) oil was $103.58. Last year, Azeri Light (CIF) increased in price by 44.6% compared to the indicator of 2021.