Azerbaijani Oil Declines In Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 5. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, decreased by $0.41, or 0.59 percent, on September 4 from the
previous level to $69.47 per barrel, a source in the oil market
told Trend .
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude went down by $0.4, or 0.58 percent, to $68 per barrel.
The price of URALS crude declined by $0.31, or 0.55 percent, to $56.21 per barrel, while Brent Dated crude from the North Sea saw a reduction of $0.39, or 0.57 percent, to $67.32 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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