BAKU, Azerbaijan, August 13. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port fell by $0.41, or 0.60%, to $67.45 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the price of Azeri Light crude on an FOB basis dropped by $0.43, or 0.65%, to $65.89 per barrel.
Urals crude slipped by $0.22, or 0.39%, to $55.59 per barrel, while North Sea Dated Brent declined by $0.28, or 0.41%, to $67.58 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.