BAKU, Azerbaijan, April 17. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $2.54, or 2.25%, on
April 16 from the previous level, coming in at $115.55 per barrel,
a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri
Light crude went up by $2.9, or 2.66%, to $111.83 per barrel.
The price of URALS crude increased by $2.27, or 2.76%, to $84.42
per barrel, while Brent Dated crude from the North Sea rose by
$0.28, or 0.24%, to $116.27 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
The lowest price for Azeri Light oil was recorded on April 21,
2020 ($15.81), and the highest one in July 2008 ($149.66).
