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Azerbaijani Oil Declines In Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 1. The price of
Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's
Augusta port declined by $0.94, or 1.28 percent, to $72.7 per
barrel on July 31, a source in the oil market told Trend.
At Türkiye's Ceyhan port, the price of Azeri Light on an FOB basis decreased by $1.02, or 1.41 percent, to $71.3 per barrel.
Meanwhile, the price of URALS crude went down by $0.94, or 1.52 percent, to $60.85 per barrel.
Brent Dated crude, produced in the North Sea, saw a decrease of $0.86, or 1.17 percent, bringing the price down to $72.7 per barrel.
Azerbaijan's state budget for 2025 is based on an average oil price of $70 per barrel.
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