Azeri Light Oil Price Rises Above $113 Per Barrel
The price of Azerbaijan's Azeri Light crude oil has risen above $113 per barrel on a CIF basis at Italy's Augusta port.
According to information provided by oil market participants, the price of Azeri Light increased by $5.14, or 4.75%, compared with the previous indicator, reaching $113.32 per barrel.
On an FOB basis at Turkiye's Ceyhan port, the price of Azeri Light rose by $4.88, or 4.65%, to $109.87 per barrel.
Meanwhile, the price of Russian Urals crude increased by $3.65, or 4.45%, to $85.60 per barrel.
The price of North Sea Dated Brent also rose significantly, increasing by $5.58, or 5.13%, to $114.26 per barrel.
At $113.32 per barrel on a CIF basis at Augusta, Azeri Light was trading $0.94 below Dated Brent, while its Ceyhan FOB price was $4.39 below the benchmark.
The Azerbaijani state budget for 2026 was calculated based on an average oil price of $65 per barrel.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment