Azerbaijani oil moves down in price

BAKU, Azerbaijan, April 2. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, moved down by $1.56, or
1.18%, on April 1 from the previous level, coming in at $130.79 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 decreased by $1.47, or 1.17%, to $124.08 per
barrel.

The price of URALS crude went down by $0.71, or 0.72%, to $97.85
per barrel, while Brent Dated crude from the North Sea fell by
$1.22, or 0.96%, to $128.46 per barrel.

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

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