BAKU, Azerbaijan, March 19. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, moved up by $9.63, or 8.9%,
on March 18 from the previous level, coming in at $117.79 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 grew by $9.65, or 9.25%, to $113.95 per barrel.
The price of URALS crude went up by $10.83, or 15.27%, to $81.77
per barrel, while Brent Dated crude from the North Sea rose by
$9.22, or 8.92%, to $112.53 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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