BAKU, Azerbaijan, March 6. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $5.61, or 6.82%, on March 5 from the previous level, coming in at $87.90 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $5.34, or 6,82%, to $83.69 per barrel.
The price of URALS crude also went up by $5.04, or 10.75%, to $51.94 per barrel, while Brent Dated crude from the North Sea rose by $6.55, or 8.07%, to $87,71 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.