BAKU, Azerbaijan, December 17.​ The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, went down by $1.28, or 2%, on December 16 from the previous
level, coming in at $62.45 per barrel, a source in the oil market
told Trend.


At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.27, or 2.1%, to $60.4 per barrel.


The price of URALS crude dropped by $1.86, or 5.6%, to $33.25
per barrel, while Brent Dated crude from the North Sea declined by
$1.2, or 2%, to $60.2 per barrel.







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