BAKU, Azerbaijan, January 20. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved down by $1.66, or 2.4%, on January 19 from the previous level, coming in at $68.88 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $1.8, or 2.6%, to $66.28 per barrel.
The price of URALS crude went down by $0.58, or 1.6%, to $35.76 per barrel, while Brent Dated crude from the North Sea decreased by $0.45, or 0.7%, to $67.31 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.