BAKU, Azerbaijan, August 22. At Italy’s Augusta port, the price of Azerbaijan’s Azeri Light crude on a CIF basis rose by $0.58, or 0.84 percent, compared to the previous figure, reaching $69.48 per barrel, a source in the oil market told Trend.
According to the source, at Türkiye’s Ceyhan port, the price of a barrel of Azeri Light on an FOB basis increased by $0.58, or 0.86 percent, to $67.94.
The price of Urals crude rose by $0.56, or 1 percent, compared to the previous figure, amounting to $56.03 per barrel.
The price of North Sea Dated Brent crude increased by $0.57, or 0.84 percent, to $68.13 per barrel.
In Azerbaijan’s state budget for 2025, the average price of oil is calculated at $70 per barrel.
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