BAKU, Azerbaijan, June 20. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, increased by $2.89, or 3.61%,
on June 19 from the previous level, coming in at $82.95 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 $2.86, or 3.67%, to $80.74 per barrel.
The price of URALS crude grew by $2.76, or 5.31%, to $54.71 per
barrel, while Brent Dated crude from the North Sea rose by $2.82,
or 3.64%, to $80.32 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
