BAKU, Azerbaijan, July 2. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on July 1 increased by $0.51 (0,7 percent) compared to the previous rate, now sitting at $72.52 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 $0.51 (0.72 percent) to $71.21 per barrel.
In the interim, the valuation of URALS crude experienced a
growth of $0.53 (0.95 percent) relative to the antecedent rate,
culminating in a price point of $56.32 per barrel.
The North Sea benchmark crude, specifically Dated Brent, surged by
$0.55, or 0.8 percent, from the preceding valuation, culminating in
a settlement price of $68.71 per barrel.
The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.