Azernews.Az

Qabil Ashirov

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The price of Azerbaijan’s Azeri Light crude increased at Mediterranean ports, Azernews reports.

At Italy’s Augusta port, the price of Azeri Light based on the CIF delivery term rose by $0.83, or 1.23 percent, compared to the previous indicator, reaching $68.31 per barrel.

At Türkiye’s Ceyhan port, the price of Azeri Light on an FOB basis climbed by $0.83, or 1.26 percent, to $66.84 per barrel.

Meanwhile, the price of Russia’s Urals crude grew by $1.01, or 1.86 percent, to $55.34 per barrel. In the North Sea, Dated Brent increased by $1.06, or 1.62 percent, to $66.42 per barrel.

For reference, Azerbaijan’s state budget for 2025 is calculated on the basis of an average oil price of $70 per barrel.