BAKU, Azerbaijan, April 24. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, decreased by $1.09, or 0.96%, on April 23 from the previous level, coming in at $112.02 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri Light crude went down by $1.15, or 1.04%, to $108.94 per barrel.
The price of URALS crude decreased by $0.1, or 0.12%, to $86.29 per barrel, while Brent Dated crude from the North Sea fell by $1.37, or 1.22%, to $110.94 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.