BAKU, Azerbaijan, July 15. The price of Azerbaijan's Azeri Light crude oil on a CIF basis at Italy's Augusta port increased by $5.22, or 6.4%, from the previous session to $86.51 per barrel.
The information was provided by oil market participants.
"The price of Azerbaijan's Azeri Light crude on an FOB basis at the Turkish port of Ceyhan rose by $4.79, or 6.1%, to $83.15 per barrel. The price of URALS crude increased by $4.74, or 10.1%, from the previous session to $51.67 per barrel. The price of North Sea Dated Brent crude rose by $5.24, or 6.8%, from the previous session to $82.56 per barrel," the information said.
It is worth noting that Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
Will be updated
