BAKU, Azerbaijan, March 12. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $5.09, or 5.63%, on March 11 from the previous level, coming in at $95.43 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $5.07, or 5.87%, to $91.40 per barrel.
The price of URALS crude went up by $4.06, or 7.64%, to $57.20 per barrel, while Brent Dated crude from the North Sea rose by $3.52, or 4%, to $91.46 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.