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Azerbaijani Oil Shows Diverse Price Dynamics
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 3. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, stayed put at $66.22 per barrel on December 2 compared to
the last round, a source in the oil market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude increased by $0.02, or 0.03%, to $64.21 per barrel.
The price of URALS crude declined by $0.52, or 1.23%, to $41.58 per barrel, while Brent Dated crude from the North Sea dipped by $0.04, or 0.06%, to $64.18 per barrel.
Azerbaijan's 2025 state budget is based on an average oil price of $70 per barrel.
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