BAKU, Azerbaijan, April 25. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, grew by $1.95, or 1.74%, on April 24 from the previous level, coming in at $113.97 per barrel, a source in the oil market told TurkicWorld.
At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri Light crude went up by $1.84, or 1.69%, to $110.78 per barrel.
The price of URALS crude increased by $1.52, or 1.76%, to $87.81 per barrel, while Brent Dated crude from the North Sea rose by $0.62, or 0.56%, to $111.56 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
