BAKU, Azerbaijan, December 16. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $0.7, or 1.1%, on December 15 from the previous level, coming in at $63.73 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.69, or 1.11%, to $61.67 per barrel.
The price of URALS crude dropped by $1.26, or 3.65%, to $33.25 per barrel, while Brent Dated crude from the North Sea declined by $0.69, or 1.11%, to $61.4 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.