BAKU, Azerbaijan, February 18. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $1.44, or 2.05%, on February 17 from the
previous level, coming in at $68.92 per barrel, a source in the oil
market told Trend.


At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.49, or 2.2%, to $66.28 per barrel.


The price of URALS crude also went down by $1.46, or 3.67%, to
$38.32 per barrel, while Brent Dated crude from the North Sea
declined by $1.5, or 2.1%, to $69.74 per barrel.







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