Azerbaijani Oil Prices Surge To New Heights

RunWithRugs · 2026-03-18T04:08:54+00:00

Azeri Light crude prices increased significantly on March 13, with values at Augusta and Ceyhan ports rising by 3.3% and 3.6%, respectively. URALS and Brent crude also experienced price hikes, while Azerbaijan's 2026 budget anticipates an average oil price of $65 per barrel.

RunWithRugs

2026-03-18 04:08:54

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(MENAFN- Trend News Agency) ** BAKU, Azerbaijan, March 14.** The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $3.52, or 3.3%, on March 13 from the previous level, coming in at $109.10 per barrel, a source in the oil market told Trend.

At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $3.61, or 3.6%, to $105.24 per barrel.

The price of URALS crude went up by $3.68, or 5.5%, to $70.06 per barrel, while Brent Dated crude from the North Sea rose by $2.81, or 2.8%, to $103.47 per barrel.

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

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