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Azerbaijani Oil Drops In Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 27. In Italy's
Augusta port, the price of Azerbaijan's Azeri Light crude oil on a
CIF basis fell by $0.43, or 0.62 percent, from the previous level
to $69.30 per barrel, a source in the oil market told Trend .
At Türkiye's Ceyhan port, the price of Azeri Light crude on an FOB basis decreased by $0.4, or 0.59 percent, to $67.76 per barrel.
Meanwhile, the price of URALS crude oil edged down by $0.45, or 0.8 percent, to $55.81 per barrel.
The price of North Sea Dated Brent crude slipped by $0.79, or 1.16 percent, to $67.44 per barrel.
Azerbaijan's state budget for 2025 is based on an average oil price of $70 per barrel.
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