BAKU, Azerbaijan, April 14. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $5.85, or 4.88%, on
April 13 from the previous level, coming in at $125.83 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 went up by $6.18, or 5.38%, to $121.02 per barrel.
The price of URALS crude rose by $6.02, or 6.73%, to $95.52 per
barrel, while Brent Dated crude from the North Sea increased by
$6.63, or 5.26%, to $132.74 per barrel
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
The lowest price for Azeri Light oil was recorded on April 21,
2020 ($15.81), and the highest one in July 2008 ($149.66).
