BAKU, Azerbaijan, January 30. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $2.52, or 3.58%, on January 29 from the previous level, coming in at $72.89 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude increased by $2.54, or 3.75%, to $70.31 per barrel.
The price of URALS crude went up by $2.54, or 6.5%, to $41.64 per barrel, and Brent Dated crude from the North Sea rose by $2.36, or 3.37%, to $72.36 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
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