Baku: In Italy’s Augusta port, the price of Azerbaijan’s Azeri Light crude oil on a CIF basis fell by $0.3, or 0.43 percent, from the previous level to $69.31 per barrel, a source in the oil market told Trend.
According to Trend News Agency, at Trkiye’s Ceyhan port, the price of Azeri Light crude on an FOB basis decreased by $0.29, or 0.42 percent, to $67.81 per barrel. Meanwhile, the price of Urals crude oil rose by $0.31, or 0.55 percent, to $56.22 per barrel. The price of North Sea Dated Brent crude increased by $0.18, or 0.27 percent, to $67.45 per barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.