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Azerbaijani Oil Prices Show Uptick
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 6. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went up by $1.68, or 2.62%, on January 5 from the previous
level, coming in at $65.8 per barrel, a source in the oil market
told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude grew by $1.68, or 2.7%, to $63.96 per barrel.
The price of URALS crude rose by $1.65, or 5.17%, to $33.54 per barrel, while Brent Dated crude from the North Sea increased by $1.98, or 3.25%, to $62.96 per barrel
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
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