BAKU, Azerbaijan, July 24. The price of Azerbaijan’s Azeri Light crude oil on a CIF basis at Italy’s Augusta port fell by $0.2, or 0.29 percent, to $69.19 per barrel on July 23, a source in the oil market told Trend.
At Türkiye's Ceyhan port, the price of Azeri Light on an FOB basis dropped by $0.19, or 2.28 percent, to $67.90 per barrel.
Meanwhile, the price of URALS crude decreased by $0.11, or 0.19 percent, to $56.94 per barrel.
Brent Dated crude, produced in the North Sea, also saw a decrease of $0.09, or 0.13 percent, bringing the price down to $69.70 per barrel.
Azerbaijan’s state budget for 2025 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