The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, grew by $0.91, or 1.31 percent, on October 6 from the previous level to $70.12 per barrel, a source in the oil market told reporters.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude went up by $0.85, or 1.25 percent, to $68.54 per barrel.
The price of URALS crude increased by $0.82, or 1.52 percent, to $54.66 per barrel, while Brent Dated crude from the North Sea rose by $0.81, or 1.22 percent, to $67.3 per barrel.
Azerbaijan’s 2025 state budget is based on an average oil price of $70 per barrel.
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