Azerbaijani Oil Takes Nosedive In Price

2025-04-04 02:07:43

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 4. The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta on April 3 decreased by $4.89 (6.23 percent) compared to the previous rate, now sitting at $73.49 per barrel, Trend reports, citing a source in the country's oil and gas market.

On an FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went down by $4.81 (6.27 percent) to $71.81 per barrel.

Meanwhile, the price of URALS crude increased by $5.4 (8.7 percent) from the previous rate, amounting to $56.6 per barrel.

North Sea benchmark crude, Dated Brent, decreased by $4.9 (6.33 percent) in price from the previous rate ($72.49 per barrel).

The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.

MENAFN04042025000187011040ID1109389592

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.