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Azerbaijani Oil Plummets In Price
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 18. The price of
Azerbaijan's Azeri Light crude at Italy's Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, dropped by $11.06, or 9.6%,
on April 17 from the previous level, coming in at $104.49 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 $10.50, or 9.4%, to $101.33 per barrel.
The price of URALS crude decreased by $11.22, or 13.3%, to $73.20 per barrel, while Brent Dated crude from the North Sea fell by $17.01, or 14.6%, to $99.26 per barrel.
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
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