BAKU, Azerbaijan, May 3. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on May 3 decreased by $0.13 (0.2 percent) compared to the previous rate, now sitting at $63.63 per barrel, Trend reports, citing a source in the country's oil and gas market.
On an FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went down by $0.09 (0.14 percent) to $61.97 per barrel.
Meanwhile, the price of URALS crude decreased by $0.13 (0.27 percent) from the previous rate, amounting to $48.65 per barrel.
North Sea benchmark crude, Dated Brent, dipped by $0.13 (0.21 percent) in price from the previous rate and reached $61.41 per barrel
The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.
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