BAKU, Azerbaijan, October 28. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, decreased by $0.81, or 1.19 percent, on October 27 from the previous level, landing at $67.03 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 $0.86, or 1.3 percent, to $65.02 per barrel.
The price of URALS crude dipped by $0.81, or 1.49 percent, to $53.71 per barrel, and Brent Dated crude from the North Sea - by $0.65, or 0.97 percent, to $66 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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