BAKU, Azerbaijan, June 6. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF (Cost, Insurance, and Freight) basis, decreased by $1.3, or 1.3%, on June 5 from the previous level, coming in at $99.48 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 $1.38, or 1.4%, to $97.01 per barrel.
The price of URALS crude dropped by $1.39, or 1.9%, to $72.68 per barrel, while Brent Dated crude from the North Sea fell by $0.95, or 1%, to $97.84 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
