BAKU, Azerbaijan, June 3. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $2.9, or 2.77%,
on June 2 from the previous level, coming in at $101.68 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 $3.22, or 3.24%, to $99.26 per barrel.


The price of URALS crude decreased by $3.31, or 4.29%, to $73.75
per barrel, while Brent Dated crude from the North Sea dipped by
$2.82, or 2.81%, to $97.48 per barrel.







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