BAKU, Azerbaijan, March 18. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $1.03, or 0.94%, on March 17 from the previous
level, coming in at $108.16 per barrel, a source in the oil market
told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.01, or 0.96%, to $104.3 per barrel.
The price of URALS crude went down by $0.06, or 0.08%, to $70.94
per barrel, while Brent Dated crude from the North Sea dipped by
$0.39, or 0.38%, to $103.31 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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