BAKU, Azerbaijan, April 28. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $0.12, or 0.1%,
on April 27 from the previous level, coming in at $113.85 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 $0.03, or 0.03%, to $110.75 per
barrel.
The price of URALS crude decreased by $1.96, or 2.23%, to $89.77
per barrel, while Brent Dated crude from the North Sea dropped by
$2.23, or 2%, to $113.79 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
