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Azerbaijani oil increases in price

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BAKU, Azerbaijan, August 10. The price of Azerbaijan's Azeri Light crude grew by $0.56, or 0.6%, to $93.93 per barrel on a CIF basis at Italy's Augusta port, a source in the oil market told Trend.

The source said the price of Azeri Light on an FOB basis at Türkiye's Ceyhan port rose by $0.65, or 0.72%, to $90.95 per barrel.

The price of Urals crude increased by $1.24, or 2.06%, to $61.33 per barrel, while Dated Brent crude from the North Sea went up by $1.59, or 1.81%, to $89.19 per barrel.

Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.

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