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Azerbaijan's Oil Prices Down
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 1. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, decreased by $0.08, or 0.12 percent, on October 31 from the
previous level, landing at $65.87 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 $0.05, or 0.08 percent, to $63.82 per barrel.
The price of URALS crude dipped by $0.09, or 0.17 percent, to $52.50 per barrel, and Brent Dated crude from the North Sea - by $0.02, or 0.03 percent, to $65.27 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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