Tuesday, 02 January 2024 12:17 GMT

Azerbaijani Oil Valuation Moves Down


(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 28.​ The price of Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF basis, decreased by $0.81, or 1.19 percent, on October 27 from the previous level, landing at $67.03 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 $0.86, or 1.3 percent, to $65.02 per barrel.

The price of URALS crude dipped by $0.81, or 1.49 percent, to $53.71 per barrel, and Brent Dated crude from the North Sea - by $0.65, or 0.97 percent, to $66 per barrel.

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

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Trend News Agency

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