Bank Of Baku

Azerbaijani oil price increased by 6% last week

Azerbaijani oil price increased by 6% last week
# 11 September 2023 10:21 (UTC +04:00)

During last week (4 – 8 September) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 96,058 making a $5,058 or 5,56% increase from the previous week's average price, APA-Economics reports.

The highest indicator (Friday) was $97,06, and the lowest indicator (Monday) was at the level of $94,63 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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