BAKU, Azerbaijan, March 27. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, moved up by $7.55, or 6.6%,
on March 26 from the previous level, coming in at $121.25 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 increased by $7.17, or 6.7%, to $114.41 per barrel.


The price of URALS crude went up by $8.45, or 10.6%, to $88.17
per barrel, while Brent Dated crude from the North Sea rose by
$7.91, or 7.2%, to $117.49 per barrel.







Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.