BAKU, Azerbaijan, November 22. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $1.18, or 1.74 percent, on November 21 from the previous level, coming in at $66.51 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $1.17, or 1.78 percent, landing at $64.43 per barrel.
The price of URALS crude dipped by $2.17, or 4.4 percent, to $47.14 per barrel, and Brent Dated crude from the North Sea dropped by $1.16, or 1.83 percent, to $62.38 per barrel.
Azerbaijan’s 2025 state budget is built around an average oil price of $70 per barrel.
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