BAKU, Azerbaijan, July 12. At Italy’s Port of Augusta, the price of Azerbaijan’s Azeri Light crude oil on a CIF basis rose by $1.19, or 1.6%, reaching $75.59 per barrel, a source in the oil market told Trend.
At Türkiye's Ceyhan Port, the price of Azeri Light on an FOB basis also increased by $1.19, or 1.63%, to $74.37 per barrel.
The price of URALS crude climbed by $1.82, or 3.14%, to $59.86 per barrel.
Meanwhile, North Sea Brent Dated rose by $2.04, or 2.89%, to $72.63 per barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.