Last year the average price of one barrel of the oil of the "Azeri Light" brand was US$ 66.79, Ibrahim Ahmadov, Deputy Head of Public relations and events’ organization department of SOCAR told ONA.
"The year before last the average price of oil was higher", I. Ahmadov noted.
According to him, the average price for Azeri Light oil in 2018 was $ 73,3 per barrel.
Thus, compared to 2018, the average price of Azeri Light crude oil last year became $ 6.51, or about 9% lower.
I. Ahmadov also stated that the peak of the "Azeri Light" price was recorded in April during 2019 at the level of 77,23, the lowest price level became 56,34 exactly a year ago, in January.
According to the report of U.S. Energy Information Administration (EIA), Brent crude oil averaged $ 64 per barrel in 2019 and this is $ 7 less than the average of 2018. The average price for WTI crude oil in the United States was $ 57 per barrel, which means a decrease of $ 7.