BAKU, Azerbaijan, October 24. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, rose by $3.3, or 5.2 percent, on October 23 from the previous level, reaching $66.75 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 $3.3, or 5.36 percent, to $64.81 per barrel.
The price of URALS crude grew by $3.32, or 6.59 percent, to $53.72 per barrel, and Brent Dated crude from the North Sea also rose by $3.32, or 5.34 percent, to $65.53 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
