Azerbaijani oil rises in price

The price of Azerbaijani Azeri Light crude on a CIF basis at the Italian port of Augusta rose by 1.75 U.S. dollars, or 1.5%, compared with the previous figure and stood at 118.16 U.S. dollars.

Trend reports this citing a source in the oil market.

The price of Azerbaijani Azeri Light crude on an FOB basis at the Turkish port of Ceyhan rose by 1.77 U.S. dollars, or 1.55%, and stood at 115.71 U.S. dollars per barrel.

The price of URALS crude rose by 1.85 U.S. dollars, or 2%, compared with the previous figure and stood at 94.22 U.S. dollars per barrel.

The price of Dated Brent crude, produced in the North Sea, rose by 2.7 U.S. dollars, or 2.4%, compared with the previous figure and stood at 114.90 U.S. dollars per barrel.

The state budget of Azerbaijan for 2026 sets the average price of a barrel of oil at 65 U.S. dollars.