BAKU, Azerbaijan, June 4. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 6 grew by $0.92 (1.33 percent) compared to the previous rate, now sitting at $70.16 per barrel, Trend reports, citing a source in the country's oil and gas market.
On an FOB basis in the Turkish Ceyhan port, the price of Azeri Light went up by $0.91 (1.28 percent) to $68.84 per barrel.
Meanwhile, the price of URALS crude rose by $0.88 (1.61 percent) from the previous rate, amounting to $55.36 per barrel.
North Sea benchmark crude, Dated Brent, increased by $0.87 (1.29 percent) in price from the previous rate, settling at $68.11 per barrel.
The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.