BAKU, Azerbaijan, November 27. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went up by $0.48, or 0.74 percent, on November 26 from the previous level, coming in at $65.28 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $0.49, or 0.78 percent, to $63.17 per barrel.
The price of URALS crude dipped by $0.54, or 1.2 percent, to $44.31 per barrel, while Brent Dated crude from the North Sea rose by $0.71, or 1.13 percent, to $63.55 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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