Azerbaijani Oil Progresses In Price

2025-06-11 02:05:36

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 11. The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 10 grew by $1.06 (1.5 percent) compared to the previous rate, now sitting at $71.85 per barrel, Trend reports, citing a source in the country's oil and gas market.

On an FOB basis in the Turkish Ceyhan port, the price of Azeri Light went up by $1.1 (1.58 percent) to $70.6 per barrel.

Meanwhile, the price of URALS crude rose by $0.79 (1.41 percent) from the previous rate, amounting to $56.81 per barrel.

North Sea benchmark crude, Dated Brent, increased by $0.75 (1.01 percent) in price from the previous rate, settling at $69.6 per barrel.

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

MENAFN11062025000187011040ID1109659121

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.