Azerbaijani Oil Increases In Price

2025-06-14 03:06:14

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 14. The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 13 grew by $4.19 (5.70 percent) compared to the previous rate, now sitting at $77.64 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 $4.19 (5.80 percent) to $76.39 per barrel.

In the interim, the valuation of URALS crude experienced a surge of $4.25 (7.36 percent) relative to the antecedent rate, culminating in a price point of $61.99 per barrel.

The North Sea benchmark crude, specifically Dated Brent, experienced an uptick of $4.34, translating to a 6.13 percent elevation from the preceding valuation, culminating in a settlement price of $75.19 per barrel.

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

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