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Azerbaijani Oil Pricing Elevates
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 9. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, grew by $0.21, or 0.3 percent, on October 8 from the
previous level to $70.08 per barrel, a source in the oil market
told Trend .
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude went up by $0.2, or 0.3 percent, to $68.44 per barrel.
The price of URALS crude increased by $1.25, or 2.3 percent, to $55.72 per barrel, while Brent Dated crude from the North Sea fell by $1.245, or 1.8 percent, to $68.33 per barrel
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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