BAKU, Azerbaijan, October 1. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, decreased by $0.79, or 1.12 percent, on September 30 from the previous level to $69.86 per barrel, a source in the oil market told Trend.
Azeri Light crude oil's FOB price dropped $0.79, or 1.14 percent, to $68.32 a barrel at the Ceyhan port in Türkiye.
The price of URALS crude decreased by $0.9, or 1.6 percent, to $55.14 per barrel, while Brent Dated crude from the North Sea saw a decline of $0.91, or 1.32 percent, to $67.94 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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