BAKU, Azerbaijan, May 20. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, decreased by $0.86, or 0.73%, on May 19 from the previous level, coming in at $117.3 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 $0.81, or 0.7%, to $114.9 per barrel.
The price of URALS crude decreased by $0.79, or 0.84%, to $93.43 per barrel, while Brent Dated crude from the North Sea dipped by $0.22, or 0.19%, to $114.68 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
