BAKU, Azerbaijan, August 23. In Italy’s Augusta port, the price of Azerbaijan’s Azeri Light crude oil on a CIF basis rose by $0.25, or 0.36 percent, from the previous level to $69.73 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 increased by $0.22, or 0.32 percent, to $68.16 per barrel.
Meanwhile, the price of URALS crude oil edged down by $0.23, or 0.41 percent, to $56.26 per barrel.
The price of North Sea Dated Brent crude slipped by $0.1, or 0.15 percent, to $68.23 per barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.