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Azerbaijani Oil Experiences Price Decrease
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 6. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, decreased by $1.99, or 2.9 percent, on September 5 from the
previous level to $67.48 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 $1.99, or 2.93 percent, to $66.01 per barrel.
The price of URALS crude declined by $1.88, or 3.34 percent, to $54.33 per barrel, while Brent Dated crude from the North Sea saw a reduction of $1.96, or 2.91 percent, to $65.36 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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