BAKU, Azerbaijan, May 7. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $9.57, or 8.1%,
on May 6 from the previous level, coming in at $108.99 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 $9.54, or 8.26%, to $105.91 per
barrel.


The price of URALS crude declined by $9.78, or 10.38%, to $84.41
per barrel, while Brent Dated crude from the North Sea dipped by
$10.8, or 9.39%, to $104.19 per barrel.







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