Azerbaijani oil price drops $3

Update on Azerbaijani oil price 

The price of a barrel of Azerbaijan's Azeri LT CIF oil in the world market has decreased by $3.41 or 2.7% to $123.40 per barrel, Qazet.az reports.

Yesterday, the Brent crude price traded at $108.86 per barrel.

The average oil price in Azerbaijan’s state budget for 2022 was set at $50 per barrel.