Azerbaijani oil increases in price

BAKU, Azerbaijan, January 24. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved up by $1.71, or 2.57%, on January 23 from the previous
level, coming in at $68.34 per barrel, a source in the oil market
told Trend.

At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
increased by $1.69, or 2.64%, to $65.76 per barrel.

The price of URALS crude went up by $1.79, or 5.07%, to $37.07
per barrel, while Brent Dated crude from the North Sea rose by
$2.49, or 3.78%, to $68.27 per barrel.

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

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