The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, went down by $1.59, or 2.42%, on January 2 from the previous level, coming in at $64.12per barrel, a source in the oil market told reporters.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $1.64, or 2.57%, to $62.28 per barrel.
The price of URALS crude dropped by $1.82, or 5.4%, to $31.89 per barrel, while Brent Dated crude from the North Sea declined by $1.58, or 2.53%, to $60.98 per barrel
Azerbaijan’s 2025 state budget is based on an average oil price of $65 per barrel.
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