BAKU, Azerbaijan, July 2. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $2.88, or 3.9%,
on July 1 from the previous level, coming in at $72.46 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 $2.85, or 3.9%, to $69.98 per barrel.


The price of URALS crude dropped by $3.3, or 7.5%, to $40.72 per
barrel, while Brent Dated crude from the North Sea fell by $2.73,
or 3.8%, to $68.79 per barrel.







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