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 TurkicWorld.
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.
