BAKU, Azerbaijan, February 25. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $1.34, or 1.83%, on February 24 from the
previous level, coming in at $71.97 per barrel, a source in the oil
market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude
decreased by $1.31, or 1.85%, to $69.36 per barrel.
The price of URALS crude went down by $2.38, or 5.68%, to $39.49
per barrel, while Brent Dated crude from the North Sea dropped by
$1.44, or 1.98%, to $71.33 per barrel.
Azerbaijan's 2026 fiscal plan is predicated on a benchmark crude
oil valuation of $65 per barrel.
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