BAKU, Azerbaijan, June 6. The CIF price of Azerbaijan’s Azeri Light crude oil at Italy’s Augusta port rose by $0.77, or 1.12%, from the previous level to $69.24 per barrel, a source in the oil market told TurkicWorld
Meanwhile, the FOB price of Azeri Light crude at Türkiye's Ceyhan port went up by $0.80, or 1.19%, to $67.93 per barrel.
The price of URALS crude also increased by $0.71, or 1.32%, reaching $54.48 per barrel.
North Sea’s Dated Brent crude climbed $0.72, or 1.08%, to $67.24 per barrel.
For 2025, Azerbaijan’s state budget is based on an average oil price of $70 per barrel.
