BAKU, Azerbaijan, January 23. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, declined by $1.32, or 1.9%, on January 22 from the previous
level, coming in at $66.63 per barrel, a source in the oil market
told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.37, or 2.1%, to $64.07 per barrel.
The price of URALS crude went down by $0.83, or 2.3%, to $35.28
per barrel, while Brent Dated crude from the North Sea decreased by
$1.65, or 2.5%, to $67.78 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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