Azeri Light oil price drops at Augusta and Ceyhan terminals

At Italy’s Augusta port, the price of Azerbaijan’s "Azeri Light" crude oil on a CIF basis decreased by $0.49, or 0.72%, compared to the previous figure, settling at $67.65 per barrel.

A source from the oil market provided this information to Trend.

According to the source, the price of a barrel of "Azeri Light" crude on an FOB basis at Turkiye's Ceyhan port fell by $0.44, or 0.66%, to $66.09.

The price of URALS crude oil dropped slightly by $0.01, or 0.01%, reaching $50.49 per barrel.

The price of "Dated Brent" crude, extracted from the North Sea, declined by $0.49, or 0.73%, compared to the previous figure, settling at $66.19 per barrel.

For 2025, Azerbaijan's state budget is based on an average oil price of $70 per barrel.