BAKU, Azerbaijan, May 8. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $3.44, or 3.16%,
on May 7 from the previous level, coming in at $105.55 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 $3.42, or 3.23%, to $102.49 per
barrel.


The price of URALS crude declined by $3.2, or 3.79%, to $81.21
per barrel, while Brent Dated crude from the North Sea dipped by
$3.6, or 3.45%, to $100.59 per barrel.







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