BAKU, Azerbaijan, June 19. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $2.54, or 3.07%,
on June 18 from the previous level, coming in at $80.06 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 $2.5, or 3.11%, to $77.88 per barrel.
The price of URALS crude dropped by $2.77, or 5.06%, to $51.95
per barrel, while Brent Dated crude from the North Sea fell by
$2.85, or 3.55%, to $77.5 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
