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Azerbaijani Oil Price Shows Diverse Dynamics
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 19. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went up by $0.07, or 0.1 percent, on November 18 from the
previous level, coming in at $68 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude increased by $0.1, or 0.2 percent, to $65.82 per barrel.
The price of URALS crude dipped by $0.5, or 0.9 percent, to $51.65 per barrel, and Brent Dated crude from the North Sea dropped by $0.1, or 0.2 percent, to $63.55 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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