BAKU, Azerbaijan, January 17. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, went up by $1.25, or 1.8%, on January 16 from the previous
level, coming in at $70.54 per barrel, a source in the oil market
told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
grew by $1.09, or 1.63%, to $68.08 per barrel.
The price of URALS crude moved up by $1.2, or 3.41%, to $36.34
per barrel, while Brent Dated crude from the North Sea rose by
$1.45, or 2.19%, to $67.76 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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