BAKU, Azerbaijan, June 12. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, increased by $0.49, or 0.51%,
on June 11 from the previous level, coming in at $96.85 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 $0.52, or 0.55%, to $94.56 per barrel.
The price of URALS crude also grew by $0.52, or 0.75%, to $69.42
per barrel, while Brent Dated crude from the North Sea rose by
$0.27, or 0.28%, to $95.08 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
