BAKU, Azerbaijan, September 17. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, grew by $1.25, or 1.8 percent, on September 16 from the previous level to $70.68 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude went up by $1.21, or 1.78 percent, to $69.15 per barrel.
The price of URALS crude rose by $0.95, or 1.68 percent, to $57.45 per barrel, while Brent Dated crude from the North Sea saw a growth of $0.96, or 1.42 percent, to $68.56 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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