The price of Azerbaijan’s Azeri Light crude oil has risen above $113 per barrel on a CIF basis at Italy’s Augusta port. According to information provided by oil market participants, the price of Azeri Light increased by $5.14, or 4.75%, compared with the previous indicator, reaching $113.32 per barrel. On an FOB basis at Turkiye’s Ceyhan port, the price of Azeri Light rose by $4.88, or 4.65%, to $109.87 per barrel.
Meanwhile, the price of Russian Urals crude increased by $3.65, or 4.45%, to $85.60 per barrel. The price of North Sea Dated Brent also rose significantly, increasing by $5.58, or 5.13%, to $114.26 per barrel. At $113.32 per barrel on a CIF basis at Augusta, Azeri Light was trading $0.94 below Dated Brent, while its Ceyhan FOB price was $4.39 below the benchmark.
The Azerbaijani state budget for 2026 was calculated based on an average oil price of $65 per barrel. Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis. By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more. You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Extract — continue reading at the source.
