BAKU, Azerbaijan, March 14. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on March 13 declined by $0.81 (1.09 percent) compared to the previous rate, now sitting at $73.21 per barrel, TurkicWorld reports, citing a source in the country's oil and gas market.
On a FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went down by $0.84 (1.15 percent) to $71.9 per barrel.
The price of URALS crude fell by $0.79 (1.38 percent) from the previous rate, amounting to $56.09 per barrel.
North Sea benchmark crude, Dated Brent, was $0.84 (1.16 percent) less than the previous rate, at $71.39 per barrel.
The official exchange rate as of March 14 is 1.7 AZN/1 USD. The average price of a barrel of oil in the state budget of Azerbaijan for 2025 is estimated at $70.
