BAKU, Azerbaijan, August 25. The price of Azerbaijan's Azeri Light crude on a CIF basis at the Italian port of Augusta fell by $1.99, or 2.1%, from the previous level to $95.13 per barrel.
The information was provided by oil market participants.
"The price of Azerbaijan's Azeri Light crude on an FOB basis at the Turkish port of Ceyhan fell by $2.08, or 2.2%, to $91.62 per barrel. The price of URALS crude declined by $1.88, or 2.7%, from the previous level to $68.41 per barrel. The price of North Sea Dated Brent fell by $1.83, or 1.9%, to $92.60 per barrel," the information said.
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
