BAKU, Azerbaijan, October 3. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, decreased by $1.1, or 1.6 percent, on October 2 from the previous level to $68.51 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude went down by $1.12, or 1.64 percent, to $66.95 per barrel.
The price of URALS crude dropped by $1.43, or 2.61 percent, to $54.75 per barrel, while Brent Dated crude from the North Sea saw a dip of $1.42, or 2.1 percent, to $66.01 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel