BAKU, Azerbaijan, May 20. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $0.86, or 0.73%,
on May 19 from the previous level, coming in at $117.3 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 $0.81, or 0.7%, to $114.9 per barrel.
The price of URALS crude decreased by $0.79, or 0.84%, to $93.43
per barrel, while Brent Dated crude from the North Sea dipped by
$0.22, or 0.19%, to $114.68 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
