The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta on April 24 decreased by $2.36 (3.37 percent) compared to the previous rate, now sitting at $67.63 per barrel, AzVision.az reports, citing a source in the country's oil and gas market.
On an FOB basis in the Turkish port of Ceyhan, the price of Azeri Light went down by $2.35 (3.44 percent) to $65.90 per barrel.
Meanwhile, the price of URALS crude decreased by $1.54 (2.86 percent) from the previous rate, amounting to $52.22 per barrel.
North Sea benchmark crude, Dated Brent, dipped by $2.05 (2.97 percent) in price from the previous rate and reached $66.94 per barrel.
The official exchange rate as of April 24 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.
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