BAKU, Azerbaijan, January 24. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $1.71, or 2.57%, on January 23 from the previous level, coming in at $68.34 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude increased by $1.69, or 2.64%, to $65.76 per barrel.
The price of URALS crude went up by $1.79, or 5.07%, to $37.07 per barrel, while Brent Dated crude from the North Sea rose by $2.49, or 3.78%, to $68.27 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
