Price of Azerbaijani oil approaches 126 dollars

The price of Azerbaijani oil of the Azeri Light brand on a CIF basis at the Italian port of Augusta increased by 5.85 US dollars, or 4.9%, compared to the previous figure, reaching 125.83 US dollars.

Trend reports this, citing a source in the oil market.

It is noted that the price of Azerbaijani Azeri Light oil on a FOB basis at the Turkish port of Ceyhan rose by 6.18 US dollars, or 5.4%, amounting to 121.02 US dollars per barrel.

The price of URALS oil increased by 6.02 US dollars, or 6.7%, compared to the previous figure, reaching 95.52 US dollars per barrel.

The price of Dated Brent oil, extracted in the North Sea, rose by 6.63 US dollars, or 5.3%, compared to the previous figure, amounting to 132.74 US dollars per barrel.

In Azerbaijan's state budget for 2026, the average price per barrel of oil is set at 65 US dollars.