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Azerbaijani Oil Faces Volatile Price Shifts
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, February 6. 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 5 from the
previous level, coming in at $69.77 per barrel, a source in the oil
market told Trend.
At Türkiye's Ceyhan port, the FOB price of Azeri Light remained without changes.
The price of URALS crude went up by $0.04, or 0.1%, to $39.24 per barrel, and Brent Dated crude from the North Sea rose by $0.01, or 0.01%, to $69.7 per barrel.
Azerbaijan's 2026 state budget is based on an average oil price of $65 per barrel.
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