Azerbaijani oil increases in price

BAKU, Azerbaijan, January 9. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, went up by $1.04, or 1.61%, on January 8 from the previous
level, coming in at $65.64 per barrel, a source in the oil market
told Trend.

At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
increased by $1.06, or 1.69%, to $63.86 per barrel.

The price of URALS crude rose by $1, or 3.09%, to $33.33 per
barrel, while Brent Dated crude from the North Sea grew by $1.04,
or 1.68%, to $62.93 per barrel

Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.

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