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Azerbaijani Oil Prices Show Modest Uptick
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 28. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went up by $0.77, or 1.18 percent, on November 27 from the
previous level, coming in at $66.05 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude grew by $0.8, or 1.27 percent, to $63.97 per barrel.
The price of URALS crude rose by $0.24, or 0.54 percent, to $44.07 per barrel, while Brent Dated crude from the North Sea rose by $0.73, or 1.15 percent, to $64.28 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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