BAKU, Azerbaijan, November 8. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went up by $0.3, or 0.46 percent, on November 7 from the previous level, coming in at $65.10 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude climbed by $0.29, or 0.46 percent, reaching $62.97 per barrel.
The price of URALS crude rose by $0.05, or 0.1 percent, to $51.24 per barrel, and Brent Dated crude from the North Sea rose by $0.05, or 0.8 percent, to $63.61 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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