BAKU, Azerbaijan, December 13. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went up by $0.07, or 0.11%, on December 12 from the previous level, coming in at $64.43 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $0.03, or 0.05%, to $62.36 per barrel.
The price of URALS crude dipped by $0.48, or 1.37%, to $34.51 per barrel, while Brent Dated crude from the North Sea rose by $0.1, or 0.16%, to $62.09 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
