BAKU, Azerbaijan, January 21. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $0.51, or 0.7%, on January 20 from the previous level, coming in at $69.39 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude increased by $0.65, or 1%, to $66.93 per barrel.
The price of URALS crude went up by $0.54, or 1.5%, to $36.3 per barrel, while Brent Dated crude from the North Sea rose by $0.69, or 1%, to $68 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.