BAKU, Azerbaijan, October 2. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, decreased by $0.25, or 0.36 percent, on October 2 from the previous level to $69.61 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 $0.25, or 0.36 percent, to $68.07 per barrel.
The price of URALS crude decreased by $0.39, or 0.71 percent, to $54.75 per barrel, while Brent Dated crude from the North Sea saw a dip of $0.51, or 0.75 percent, to $67.43 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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