BAKU, Azerbaijan, February 21. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $0.58, or 0.8%, on February 20 from the
previous level, coming in at $72.2 per barrel, a source in the oil
market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
also decreased by $0.58, or 0.83%, to $69.55 per barrel.
The price of URALS crude went down by $0.36, or 0.85%, to $41.77
per barrel, while Brent Dated crude from the North Sea receded by
$0.6, or 0.82%, to $72.16 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
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