BAKU, Azerbaijan, January 27. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved down by $0.48, or 0.7%, on January 26 from the previous level, coming in at $67.86 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.51, or 0.78%, to $65.25 per barrel.
The price of URALS crude also went down by $0.51, or 1.38%, to $36.56 per barrel, while Brent Dated crude from the North Sea dipped by $0.45, or 0.66%, to $67.82 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
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