BAKU, Azerbaijan, May 1. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $0.06, or 0.05%,
on April 30 from the previous level, coming in at $122.26 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 $0.04, or 0.03%, to $118.98 per
barrel.
The price of URALS crude declined by $0.16, or 0.16%, to $98.16
per barrel, while Brent Dated crude from the North Sea dipped by
$0.08, or 0.06%, to $122.86 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
