BAKU, Azerbaijan, March 4. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased on March 3 by $0.03 (0.4 percent) compared to the previous rate, now sitting at $75.68 per barrel, Trend reports, citing a source in the country's oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went down by $0.01 (0.01 percent) to $74.43 per barrel.
The price of URALS crude lowered by $0.13 (0.22 percent) from the previous rate, amounting to $58.76 per barrel.
North Sea benchmark crude, Dated Brent, was $0.44 (0.6 percent) more than the previous rate, standing at $73.92 per barrel.
The official exchange rate for March 4 is 1.7 AZN/USD.
In the state budget of Azerbaijan for 2025, the average price of one barrel of oil was calculated at $70.
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