Bank Of Baku

Azerbaijani oil price increased by 3% last week

Azerbaijani oil price increased by 3% last week
# 04 September 2023 10:11 (UTC +04:00)

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.

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