Azerbaijani oil price increased by over 3% last week

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

During last week (11 – 15 September) the average price of 1 barrel of Azeri Light (CIF) branded Azerbaijani oil in the world market was equal to USD 99,038 making a $2,98 or 3,1% increase from the previous week's average price, APA-Economics reports.

The highest indicator (Friday) was $100,56, and the lowest indicator (Monday) was at the level of $96,73 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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