BAKU, Azerbaijan, November 18. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $0.01, or 0.01 percent, on November 17 from the previous level, coming in at $67.93 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.07, or 0.1 percent, to $65.72 per barrel.
The price of URALS crude dipped by $0.05, or 0.1 percent, to $52.13 per barrel, and Brent Dated crude from the North Sea dropped by $0.03, or 0.05 percent, to $63.66 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
