BAKU, Azerbaijan, July 26. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port fell by $0.93, or 1.32 percent, to $69.48 per barrel on July 25, a source in the oil market told Trend.
At Türkiye's Ceyhan port, the price of Azeri Light on an FOB basis dropped by $0.93, or 1.91 percent, to $68.23 per barrel.
Meanwhile, the price of URALS crude decreased by $0.78, or 1.33 percent, to $57.61 per barrel.
Brent Dated crude, produced in the North Sea, also saw a drop of $1.24, or 1.75 percent, bringing the price up to $69.56 per barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.
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