BAKU, Azerbaijan, June 19. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on June 18 decreased by $0.41 (0.52 percent) compared to the previous rate, now sitting at $79.17 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 $0.46 (0.59 percent) to $77.79 per barrel.
In the interim, the valuation of URALS crude experienced a
decline of $0.17 (0.27 percent) relative to the antecedent rate,
culminating in a price point of $63.55 per barrel.
The North Sea benchmark crude, specifically Dated Brent, dipped by
$0.42, or 0.54 percent, from the preceding valuation, culminating
in a settlement price of $77.05 per barrel
The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.