BAKU, Azerbaijan, September 24. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, grew by $1.76, or 2.53 percent, on September 23 from the previous level to $71.22 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude also went up by $1.73, or 2.55 percent, to $69.65 per barrel.
The price of URALS crude rose by $1.64, or 2.95 percent, to $57.26 per barrel, while Brent Dated crude from the North Sea saw a growth of $1.66, or 2.49 percent, to $68.41 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
