BAKU, Azerbaijan, December 30. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, went down by $1.05, or 1.58%, on December 29 from the
previous level, coming in at $65.57 per barrel, a source in the oil
market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $0.96, or 1.49%, to $63.57 per barrel.
The price of URALS crude dropped by $1.09, or 3.15%, to $33.53
per barrel, while Brent Dated crude from the North Sea declined by
$1.01, or 1.59%, to $62.51 per barrel
Azerbaijan’s 2025 state budget is based on an average oil price
of $65 per barrel.
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