BAKU, Azerbaijan, June 14. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 13 grew by $4.19 (5.70 percent) compared to the previous rate, now sitting at $77.64 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 $4.19 (5.80 percent) to $76.39 per barrel.
In the interim, the valuation of URALS crude experienced a surge
of $4.25 (7.36 percent) relative to the antecedent rate,
culminating in a price point of $61.99 per barrel.
The North Sea benchmark crude, specifically Dated Brent,
experienced an uptick of $4.34, translating to a 6.13 percent
elevation from the preceding valuation, culminating in a settlement
price of $75.19 per barrel.
The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel