BAKU, Azerbaijan, June 24. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $0.67, or 0.83%,
on June 23 from the previous level, coming in at $79.76 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 $0.78, or 1%, to $77.35 per barrel.


The price of URALS crude dropped by $0.84, or 1.62%, to $51.03
per barrel, while Brent Dated crude from the North Sea fell by
$0.88, or 1.15%, to $75.39 per barrel.







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