The price of Azerbaijan's Azeri Light crude fell by $3.75, or 2.85%, from the previous level to $127.87 per barrel on a CIF basis at Italy's Augusta port.
On an FOB basis at Türkiye's Ceyhan port, Azeri Light crude fell by $4.19, or 3.47%, to $116.51 per barrel.
The price of Urals crude declined by $3.48, or 3.9%, to $85.78 per barrel. North Sea Dated Brent crude fell by $3.73, or 2.78%, to $130.52 per barrel.
Azerbaijan's state budget for 2026 is based on an average oil price of $65 per barrel.
