Azerbaijani Oil Shifts Down In Valuation

2025-10-01 02:06:07

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 1. The price of Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF basis, decreased by $0.79, or 1.12 percent, on September 30 from the previous level to $69.86 per barrel, a source in the oil market told Trend .

Azeri Light crude oil's FOB price dropped $0.79, or 1.14 percent, to $68.32 a barrel at the Ceyhan port in Türkiye.

The price of URALS crude decreased by $0.9, or 1.6 percent, to $55.14 per barrel, while Brent Dated crude from the North Sea saw a decline of $0.91, or 1.32 percent, to $67.94 per barrel.

Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.

MENAFN01102025000187011040ID1110134057

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.