BAKU, Azerbaijan, March 21. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, moved up by $0.2, or 0.16%, on March 20 from the previous level, coming in at $122.9 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 decreased by $0.49, or 0.41%, to $118.29 per barrel.
The price of URALS crude went down by $0.42, or 0.49%, to $85.8 per barrel, while Brent Dated crude from the North Sea decreased by $0.5, or 0.43%, to $116.94 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.