BAKU, Azerbaijan, January 22. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $1.44, or 2.07%, on January 21 from the
previous level, coming in at $67.95 per barrel, a source in the oil
market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.49, or 2.23%, to $65.44 per barrel.
The price of URALS crude went down by $0.19, or 0.52%, to $36.11
per barrel, while Brent Dated crude from the North Sea decreased by
$0.57, or 0.84%, to $67.43 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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