BAKU, Azerbaijan, May 22. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, grew by $1.86 or 1.62%, on
May 21 from the previous level, coming in at $114.14 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 $1.85, or 1.68%, to $111.82 per barrel.
The price of URALS crude increased by $1.49, or 1.69%, to $89.52
per barrel, while Brent Dated crude from the North Sea rose by
$1.88, or 1.71%, to $111.71 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
