Azerbaijani oil becomes cheaper
The price of Azerbaijani Azeri Light crude on a CIF basis at the Italian port of Augusta decreased by 2.52 US dollars, or 3%, compared to the previous figure, amounting to 80.43 US dollars per barrel.
This was reported to Trend by a source on the oil market.
It is noted that in the Turkish port of Ceyhan, the price of one barrel of Azeri Light crude on an FOB basis decreased by 2.61 US dollars, or 3.2%, and amounted to 78.13 US dollars.
The price of URALS crude oil decreased by 2.84 US dollars, or 5.2%, compared to the previous figure, amounting to 51.87 US dollars per barrel.
The price of one barrel of Dated Brent crude, produced in the North Sea, decreased by 4.05 US dollars, or 5%, compared to the previous figure, amounting to 76.27 US dollars per barrel.
In Azerbaijan's state budget for 2026, the average oil price is set at 65 US dollars per barrel.
