BAKU, Azerbaijan, June 26. At Italy’s Port of Augusta, the price of Azerbaijan’s Azeri Light crude oil on a CIF basis rose by $0.37, or 0.51%, compared to the previous level, reaching $72.49 per barrel, a source in the oil market told Trend.
According to the source, the price of Azeri Light crude on an FOB basis at Türkiye's Ceyhan port increased by $0.37, or 0.52%, to $71.17 per barrel.
The price of URALS crude rose by $0.50, or 0.89%, to $56.47 per barrel.
Meanwhile, the price of North Sea-produced Dated Brent crude increased by $0.11, or 0.16%, reaching $69.23 per barrel.
Azerbaijan’s state budget for 2025 is based on an average oil price of $70 per barrel.