BAKU, Azerbaijan, February 20. The price of Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF basis, moved up by $1.83, or 2.58%, on February 19 from the previous level, coming in at $72.78 per barrel, a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB price of Azeri Light crude grew by $1.84, or 2.69%, to $70.13 per barrel.
The price of URALS crude also went up by $1.83, or 4.54%, to $41.13 per barrel, while Brent Dated crude from the North Sea rose by $1.29, or 1.8%, to $72.76 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price of $65 per barrel.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel