BAKU, Azerbaijan, January 16. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, decreased by $2.42, or 3.37%, on January 15 from the
previous level, coming in at $69.29 per barrel, a source in the oil
market told Trend.


At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
went down by $2.54, or 3.65%, to $66.99 per barrel.


The price of URALS crude dropped by $2.48, or 6.59%, to $35.14
per barrel, while Brent Dated crude from the North Sea declined by
$2.48, or 3.6%, to $66.31 per barrel.







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