BAKU, Azerbaijan, February 11. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved down by $0.07, or 0.1%, on February 10 from the previous level, coming in at $71.14 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude decreased by $0.07, or 0.1%, to $68.65 per barrel.
The price of URALS crude also went down by $0.17, or 0.4%, to $40.63 per barrel, while Brent Dated crude from the North Sea dipped by $0.07, or 0.1%, to $72.04 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.