The average price of Azerbaijani oil on CIF delivery terms (including the cost of oil delivery to the destination port specified by the buyer) in the first half of 2023 was $82.84 per barrel, by 24.75% lower than in January-June 2022, the State Oil Company of Azerbaijan noted. The average price of Azerbaijani oil on CIF delivery terms was $110.08 per barrel, the results of the first half of 2022. In 2022, the average price of Azerbaijani oil was $103.58 a barrel (an increase of 44.6% from 2021). In the first quarter of 2023, this figure was $84.8 per barrel. The lowest price for Azerbaijani oil - $15.81 per barrel - was recorded on April 21, 2020, the highest - in July 2008 - $149.66.
Source: Turan News Agency