BAKU, Azerbaijan, December 11. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $0.09, or 0.14%, on December 10 from the previous level, coming in at $65.23 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.09, or 0.14%, to $63.31 per barrel.
The price of URALS crude dropped by $0.32, or 0.88%, to $36.09 per barrel, while Brent Dated crude from the North Sea declined by $0.24, or 0.38%, to $62.58 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.