BAKU, Azerbaijan, June 20. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in Italy’s port of Augusta rose by $3.41 (14.31 percent) on June 19, reaching $82.58 per barrel, Trend reports, citing a source in the country’s oil and gas market.
On an FOB basis at Türkiye’s Ceyhan port, the price increased by $3.41 (4.38 percent) to $81.20 per barrel.
Meanwhile, the price of Russia’s URALS crude climbed by $3.43 (5.4 percent), settling at $66.98 per barrel.
The North Sea benchmark, Dated Brent, also saw a gain of $3.39 (4.4 percent), reaching $80.44 per barrel.
The average oil price forecast in Azerbaijan’s 2025 state budget is set at $70 per barrel.
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