BAKU, Azerbaijan, April 23. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $2.22, or 2%, on
April 22 from the previous level, coming in at $113.11 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 $2.25, or 2.09%, to $110.09 per barrel.
The price of URALS crude increased by $4.13, or 5.02%, to $86.39
per barrel, while Brent Dated crude from the North Sea rose by
$4.62, or 4.29%, to $112.31 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
