BAKU, Azerbaijan, October 16. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, rose by $0.15, or 0.23 percent, on October 15 from the previous level to $64.26 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude went up by $0.11, or 0.18 percent, to $62.55 per barrel.
The price of URALS crude increased by $0.17, or 0.34 percent, to $50.41 per barrel, while Brent Dated crude from the North Sea rose by $0.03, or 0.05 percent, to $62.61 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
