BAKU, Azerbaijan, August 12. In the Italian port of Augusta, the price of Azeri Light crude under CIF terms rose by 12 cents, or 0.18 percent, to $67.98 per barrel, a source in the oil market told Trend.
In Türkiye’s port of Ceyhan, the price of Azeri Light crude under FOB terms also increased by 12 cents, or 0.18 percent, to $66.44 per barrel.
The price of URALS crude was up 21 cents, or 0.38 percent, reaching $56.02 per barrel, while Dated Brent from the North Sea rose by 21 cents, or 0.31 percent, to $68.07.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.