BAKU, Azerbaijan, April 18. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, dropped by $11.06, or 9.6%, on April 17 from the previous level, coming in at $104.49 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 down by $10.50, or 9.4%, to $101.33 per barrel.
The price of URALS crude decreased by $11.22, or 13.3%, to $73.20 per barrel, while Brent Dated crude from the North Sea fell by $17.01, or 14.6%, to $99.26 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
