BAKU, Azerbaijan, November 29. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went up by $0.29, or 0.44 percent, on November 28 from the previous level, coming in at $66.34 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $0.32, or 0.5 percent, to $64.29 per barrel.
The price of URALS crude dipped by $0.77, or 1.75 percent, to $43.30 per barrel, while Brent Dated crude from the North Sea rose by $0.16, or 0.25 percent, to $64.44 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.