BAKU, Azerbaijan, April 15. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, dropped by $7.27, or 5.78%,
on April 14 from the previous level, coming in at $118.56 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 down by $6.98, or 5.77%, to $114.04 per
barrel.


The price of URALS crude decreased by $7.37, or 7.72%, to $88.15
per barrel, while Brent Dated crude from the North Sea fell by
$8.02, or 6.04%, to $124.72 per barrel.







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