Azeri Light prices edge up
Qabil Ashirov
Read moreThe price of Azerbaijan’s “Azeri Light” crude oil on a CIF basis at Italy’s Augusta port rose by $0.77, or 1.18 percent, compared with the previous figure, reaching $66.05 per barrel, Azernews reports.
It was reported that the price of a barrel of “Azeri Light” on an FOB basis at Türkiye’s Ceyhan port increased by $0.80, or 1.27 percent, to $63.97.
Meanwhile, the price of Urals crude fell by $0.24, or 0.54 percent, compared to the previous level, settling at $44.07 per barrel.
The price of North Sea “Dated Brent” crude rose by $0.73, or 1.15 percent, reaching $64.28 per barrel.
Azerbaijan’s state budget for 2025 sets the average price of a barrel of oil at $70.
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