BAKU, Azerbaijan, April 22. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $0.38, or 0.3%, on
April 21 from the previous level, coming in at $110.89 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 $0.45, or 0.4%, to $107.84 per barrel.
The price of URALS crude increased by $2.53, or 3.2%, to $82.26
per barrel, while Brent Dated crude from the North Sea rose by
$1.73, or 1.6%, to $107.69 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
