BAKU, Azerbaijan, June 5. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 4 fell by $1.4 (2 percent) compared to the previous rate, now sitting at $68.47 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 down by $1.43 (2.1 percent) to $67.13 per barrel.
Meanwhile, the price of URALS crude fell by $1.43 (2.6 percent) from the previous rate, amounting to $53.77 per barrel.
North Sea benchmark crude, Dated Brent, decreased by $1.4 (2.1 percent) in price from the previous rate, settling at $64.7 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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