BAKU, Azerbaijan, October 4. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, grew by $0.7, or 1.02 percent, on October 3 from the previous level to $69.21 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 $0.74, or 1.1 percent, to $67.69 per barrel.
The price of URALS crude increased by $0.52, or 0.97 percent, to $53.84 per barrel, while Brent Dated crude from the North Sea rose by $0.48, or 0.73 percent, to $66.49 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
