BAKU, Azerbaijan, November 7. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $0.63, or 0.96 percent, on November 6 from the previous level, coming in at $64.8 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.69, or 1.09 percent, landing at $62.68 per barrel.
The price of URALS crude dipped by $0.88, or 1.69 percent, to $51.19 per barrel, and Brent Dated crude from the North Sea dropped by $0.9, or 1.39 percent, to $63.66 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
