BAKU, Azerbaijan, May 13. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $5.45, or 4.93%, on
May 12 from the previous level, coming in at $115.93 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 $5.7, or 5.3%, to $113.30 per barrel.


The price of URALS crude increased by $5.52, or 6.4%, to $91.73
per barrel, while Brent Dated crude from the North Sea rose by
$5.59, or 5.31%, to $110.83 per barrel.







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