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Azerbaijani Oil Price Shows Downturn
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 2. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went down by $0.12, or 0.18 percent, on December 1 from the
previous level, coming in at $66.22 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude decreased by $0.1, or 0.16 percent, to $64.19 per barrel.
The price of URALS crude declined by $1.2, or 2.77 percent, to $42.1 per barrel, while Brent Dated crude from the North Sea dipped by $0.22, or 0.34 percent, to $64.44 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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