BAKU, Azerbaijan, March 13. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved up by $10.15, or 10.6%, on March 12 from the previous
level, coming in at $105.58 per barrel, a source in the oil market
told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
grew by $10.23, or 11.2%, to $101.63 per barrel.
The price of URALS crude went up by $9.18, or 16%, to $66.38 per
barrel, while Brent Dated crude from the North Sea rose by $9.2, or
10.1%, to $100.66 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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