BAKU, Azerbaijan, November 13. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $2.35, or 3.47 percent, on November 12 from the previous level, coming in at $65.43 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $2.35, or 3.58 percent, landing at $63.22 per barrel.
The price of URALS crude dipped by $2.42, or 4.57 percent, to $50.56 per barrel, and Brent Dated crude from the North Sea dropped by $2.32, or 3.61 percent, to $62 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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