BAKU, Azerbaijan, February 28. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
basis, moved down by $0.03, or 0.04%, on February 27 from the
previous level, coming in at $72.75 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 $0.03, or 0.04%, to $70.10 per barrel.


The price of URALS crude went down by $1, or 2.61%, to $37.31
per barrel, while Brent Dated crude from the North Sea receded by
$1.1, or 1.53%, to $70.94 per barrel.







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