Azeri Light crude sees modest price uptick at key ports
Qabil Ashirov
Read moreThe price of Azerbaijan’s "Azeri Light" crude oil based on CIF delivery at Italy’s Augusta port rose by $1.22, or 1.76%, compared to the previous figure, reaching $70.41 per barrel, Azernews reports.
According to the information, the price of a barrel of "Azeri Light" crude oil on FOB terms at Türkiye’s Ceyhan port increased by $1.26, or 1.86%, amounting to $69.16.
The price of Russia’s Urals crude rose by $1.45, or 2.55%, reaching $58.39 per barrel.
Meanwhile, the price of North Sea–produced "Dated Brent" crude increased by $1.10, or 1.58%, to $70.80 per barrel compared to the previous rate.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.
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