BAKU, Azerbaijan, April 8. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, decreased by $1, or 0.7%, on April 7 from the previous level, coming in at $140.68 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 $0.57, or 0.42%, to $134.58 per barrel.
The price of URALS crude receded by $0.78, or 0.71%, to $109.26 per barrel, while Brent Dated crude from the North Sea fell by $3.05, or 2.16%, to $144.42 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.