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Azerbaijani Oil Moves Down In Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 15. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
basis, went down by $0.04, or 0.06%, on January 14 from the
previous level, coming in at $71.71 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light crude decreased by $0.09, or 0.13%, to $69.53 per barrel.
The price of URALS crude dropped by $0.21, or 0.55%, to $37.62 per barrel, while Brent Dated crude from the North Sea declined by $0.22, or 0.32%, to $68.79 per barrel
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
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