The price of Azerbaijan's Azeri Light crude fell by $0.64, or 0.7%, to $91.04 per barrel on a CIF basis at Italy's Augusta port, a source in the oil market told Trend. The source said the price of Azeri Light on an FOB basis at Türkiye's Ceyhan port declined by $0.99, or 1.11%, to $87.89 per barrel. The price of Urals crude fell by $0.39, or 0.69%, to $56.77 per barrel, while Dated Brent crude from the North Sea dropped by $0.68, or 0.79%, to $85.28 per barrel. Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel. According to Trading Economics, oil traded at around $75 per barrel on Thursday.