BAKU, Azerbaijan, January 1. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went up by $0.04, or 0.06%, on January 1 from the previous level, coming in at $65.71 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $0.26, or 0.41%, to $63.92 per barrel.
The price of URALS crude increased by $0.03, or 0.1%, to $33.71 per barrel, while Brent Dated crude from the North Sea rose by $0,05, or 0.08%, to $62,56 per barrel
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
