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Azerbaijani Oil Prices Downscale
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 6. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went down by $0.39, or 0.59 percent, on November 5 from the
previous level, coming in at $65.43 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude also decreased by $0.42, or 0.66 percent, landing at $63.37 per barrel.
The price of URALS crude dipped by $0.34, or 0.65 percent, to $52.07 per barrel, and Brent Dated crude from the North Sea dropped by $0.7, or 1.07 percent, to $64.56 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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