BAKU, Azerbaijan, May 15. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $2.04, or 1.77%,
on May 14 from the previous level, coming in at $113.48 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 $2.01, or 1.78%, to $110.98 per
barrel.


The price of URALS crude declined by $1.89, or 2.07%, to $89.55
per barrel, while Brent Dated crude from the North Sea dropped by
$1.61, or 1.45%, to $109.59 per barrel.







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