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Azerbaijani Oil Scales Up In Valuation
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 18. The price of
Azerbaijan's Azeri Light crude oil delivered to Italy's Augusta
port on a CIF basis rose by $0.31, or 0.43 percent, on July 17
settling at $72.67 per barrel, a source in the oil market told
Trend .
At Türkiye's Ceyhan port, the FOB price for Azeri Light also grew, increasing by $0.25, or 0.35 percent, to $71.36 per barrel.
Urals crude went up by $0.94, or 1.64 percent, to $58.11 per barrel, while Dated Brent, produced in the North Sea, was up $0.95, or 1.36 percent, at $70.96 per barrel.
Azerbaijan's state budget for 2025 is based on an average oil price of $70 per barrel.
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