BAKU, Azerbaijan, March 5. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $3.87, or 4.5%, on March 4 from the previous
level, coming in at $82.29 per barrel, a source in the oil market
told Trend.


At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
also decreased by $4.58, or 5.5%, to $78.35 per barrel.


The price of URALS crude went down by $3.77, or 7.4%, to $46.90
per barrel, while Brent Dated crude from the North Sea receded by
$3.71, or 4.4%, to $81.16 per barrel.







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