Azeri Light crude oil has become cheaper

The price of Azerbaijani Azeri Light crude oil on a CIF basis at the Italian port of Augusta decreased by 0.33 US dollars, or 0.5%, compared to the previous figure, amounting to 67.67 dollars per barrel.

As BAKU.WS reports, Trend was informed about this by sources in the oil market.

It is noted that at the Turkish port of Ceyhan, the price of one barrel of Azeri Light crude oil on an FOB basis decreased by 0.27 dollars, or 0.4%, and amounted to 65.55 dollars.

The price of URALS crude oil decreased by 1.6 dollars, or 3%, compared to the previous figure and amounted to 50.08 dollars per barrel.

Recall that in the state budget of Azerbaijan for the current year, the average price of a barrel of oil is calculated at $70 per barrel.