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Azerbaijani Oil Price Downscales
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 11. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went down by $0.02, or 0.03 percent, on November 10 from the
previous level, coming in at $65.08 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude decreased by $0.08, or 0.1 percent, landing at $62.89 per barrel.
The price of URALS crude dipped by $0.3, or 0.5 percent, to $50.97 per barrel, and Brent Dated crude from the North Sea lowered by $1.1, or 1.7 percent, to $62.66 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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