BAKU, Azerbaijan, August 7. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port rose by $0.28, or 0.40 percent, to $73.64 per barrel on July 30, a source in the oil market told Trend.
At Türkiye's Ceyhan port, the price of Azeri Light on an FOB basis also grew by $0.28, or 0.41 percent, to $67.88 per barrel.
Meanwhile, the price of URALS crude went up by $0.05, or 0.09 percent, to $57.41 per barrel.
The price of a barrel of Dated Brent crude oil produced in the North Sea remained at the previous level, amounting to $69.48/barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.