BAKU, Azerbaijan, July 10. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, decreased by $2.98, or 3.6%, on July 9 from the previous level, coming in at $79.09 per barrel.
This is reflected in the information from the oil market participants.
"At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri Light crude went down by $3.1, or 3.9%, to $76.31 per barrel. The price of URALS crude dropped by $3.5, or 7.1%, to $45.93 per barrel, while Brent Dated crude from the North Sea fell by $2.97, or 3.8%, to $75.39 per barrel," the information said.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
